Carbon Risk Management (Hansard, 7 March 2003)

§ Mr. Gardiner
To ask the Secretary of State for Trade and Industry if her Department will undertake an assessment of banks' carbon risk management strategies. [101353]

§ Mr. Wilson
The DTI has no specific plans to undertake an assessment of carbon risk management strategies for banks.
However, the DTI are co-sponsors, with DEFRA and DFID, of Project FORGE. In November 2000, Project FORGE published guidelines on environmental management and reporting for the financial services sector. The guidelines are aimed at helping the financial services sector to identify, understand, control and communicate environmental impacts, risks and opportunities.

§ Mr. Gardiner
To ask the Secretary of State for Trade and Industry if she will make a response to the recent findings in Carbon Finance and the Global Equity Markets published by the Carbon Disclosure Project. [101299]

§ Mr. Wilson
My right hon. Friend the Prime Minister and the Government has welcomed the recent report published by the Carbon Disclosure Project. The Government has no current plans to respond specifically to the findings of the report.