Source · Select Committees · Environmental Audit Committee
Recommendation 28
28
Paragraph: 93
Data availability challenges financial institutions' deforestation risk assessment, mandating due diligence.
Conclusion
Information and data availability is one of the greatest challenges for financial institutions with regards to allowing them to assess and reduce their deforestation risk. We therefore welcome the Government’s championing of the work of the Taskforce on Nature-related Financial Disclosures. We observe that making nature-related disclosures mandatory would not obviate the need for mandatory due diligence for the finance sector under Schedule 17 to the Environment Act.
Paragraph Reference:
93
Government Response
A response document is linked to this report, dated 26 March 2024. Response attribution to this conclusion has not been verified. Read the response document ↗