Source · Select Committees · Environmental Audit Committee
Recommendation 8
8
Paragraph: 80
The Government should clarify that the Bank’s monetary policy remit should include climate and nature...
Recommendation
The Government should clarify that the Bank’s monetary policy remit should include climate and nature objectives in the conduct of UK monetary policy, including when considering any extension of the Covid Corporate Financing Facility (CCFF) or future such mechanisms. We recommend that if any future support is offered via the CCFF, the Bank should require recipients to publish climate-related financial disclosures in line with the Government’s Green Finance Strategy as a minimum condition.
Paragraph Reference:
80
Government Response
A response document is linked to this report, dated 22 June 2021. Response attribution to this recommendation has not been verified. Read the response document ↗