Member

The G20’s Financial Stability Board has warned that the loss of nature and ecosystem services on which so many companies and investments rely could lead to sharp repricing and writedown of assets. During the passage of this Bill in the other place, the Government recognised that the lack of clarity and the difficulty it causes for pension schemes meant that they needed action. In response to an amendment which mirrors the one I am speaking to today, put forward by Liam Byrne MP, Torsten Bell, the Minister, said at Third Reading in the Commons,