Source · Select Committees · Work and Pensions Committee
Recommendation 3
3
Accepted
Paragraph: 17
Global harmonisation of climate-related reporting standards would considerably reduce the burden on pension schemes and...
Recommendation
Global harmonisation of climate-related reporting standards would considerably reduce the burden on pension schemes and the associated costs of meeting different reporting requirements. It would also improve the comparability of different assets across international borders. COP26 provides a significant opportunity for the Government to secure international commitments to work towards the global harmonisation of climate-related disclosures. However, work towards global harmonisation of climate-related reporting standards must not be a barrier to the UK implementing its own high standards at pace. We recommend that the Government aims to secure international commitments to work towards the global harmonisation of climate-related reporting standards at COP26.
Government response summary AI-generated
The government states that work on consistent international climate reporting standards is underway, highlighting its proactive efforts with other countries and its support for the establishment of the ISSB, which it committed to launching at COP26.
Paragraph Reference:
17
Government Response
The government responded to this report on 17 December 2021. No passage in that response could be matched to this recommendation. Read the response document ↗