CHAIR
· Clive Betts MP, Chair Parliament Levelling Up, Housing and Communities
Committee
· Baroness Blake of Leeds, Lords Spokesperson
Energy and Net Zero
· 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
BACKGROUND
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.
FRINGE HOSTS
The event is supported by the Local
Authority Pension Fund Forum (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.
The Smith Institute, an
independent, not-for-profit think tank, is the co-host, providing the
secretariat for the fringe event.
CONTACT ON THE DAY Paul Hackett
Picture https://lapfforum.org/engagements/were-going-to-need-a-bigger-planet/
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