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Article

25 Nov 2019

Author:
Rob Merrick, Deputy Political Editor

UK: Companies failing to act on climate change to be delisted from London stock exchange under Labour plans

"Climate change: Firms failing to tackle crisis will be delisted from stock exchange, Labour says", 19 Nov 2019

...John McDonnell, the shadow chancellor, pledged his government would ensure firms are “pulling their weight” to tackle the “existential threat” to the planet. 

And he warned: “For those companies not taking adequate steps under Labour they will be delisted from the London Stock Exchange.” ...

Vowing to “rewrite the rules” of the economy to benefit workers, Mr McDonnell also insisted curbing the climate crisis would be “Labour’s overriding priority” if it wins the general election.

The Corporate Governance Code would be beefed up to “set out a minimum standard for listing related to evidencing the action being taken to tackle climate change”...

“Business bodies are calling for companies to improve climate related financial reporting and for all companies to bring forward decarbonisation plans” ...