· Clive Betts MP, Chair Parliament Levelling Up, Housing and Communities Committee
· Cllr John Gray, Vice Chair, Local Authority Pension Fund Forum (LAPFF)
· Cllr Rishi Madlani, SERA - Labour’s Environment Campaign and Chair, London Borough of Camden Pensions Committee
There is widespread concern and public anger about companies making misleading and sometimes false statements about their environmental credentials. The issue is also on the radar of regulators and governments with growing interest about the use of terms and labels such as ‘sustainable’. Although interventions are starting to be made will they be enough to guard against the dangers that greenwashing poses?
For government, such dangers include delayed action to meet the goals of the Paris Agreement and avoid the worst effects of climate change. It also poses significant risks to our financial system and for investors. Unclear or misleading disclosures from companies could mean risks are masked and action is not taken by investors through their stewardship activity. Equally, misleading financial products also carry with it the risk that capital is misallocated while also undermining confidence in green products and sustainable investment.
The fringe event will discuss what more needs to be done nationally and internationally to improve disclosures and taxonomies and tackle greenwashing? And in the UK, what roles should government, councils, investors, companies and civil society play to end greenwashing?
As the event is open to all people attending the conference it will not be held under Chatham House Rules.
The event is supported by the (LAPFF), which represents the interests of 87 UK public sector (LGPS) pension fund members and seven Pools with combined assets of over £350bn. LAPFF promotes the highest standards of corporate governance to protect the long-term value of local authority pension funds. It does so primarily by engaging some of the world’s largest companies on environmental, social and governance issues.
an independent, not-for-profit think tank, is the co-host, providing the secretariat for the fringe event.
CONTACT ON THE DAY Paul Hackett