Transition Pathway Initiative - 25th June 2020

Here are the climate-related sections of speeches by MPs during the Commons debate Transition Pathway Initiative.

Full text: https://hansard.parliament.uk/Commons/2020-06-25/debates/33A84D52-B814-4B5F-8E26-500F53CD628F/TransitionPathwayInitiative

Barry Gardiner (Labour)

I am very grateful for that answer, and congratulate the Church’s pension trustees on their innovation and vision. The TPI has worked with major global companies to reduce their emissions and has established a framework for pension funds to move towards net zero emissions. Can the hon. Gentleman tell me whether our own parliamentary pension fund is able to sign up to the initiative, and what more the Church could do to encourage other pension funds to join that $20 trillion of assets?

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Andrew Selous

Each set of pension trustees has its own responsibilities, but I note that the Pensions Minister, the Under-Secretary of State for Work and Pensions, my hon. Friend the Member for Hexham (Guy Opperman), has said it is important that all pension fund trustees understand the risks and opportunities posed to their investments by climate change. I am always delighted when others follow where the Church leads.

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