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MPs Call on the UK Government to Accelerate ESG Efforts
May 9, 2023On April 25, the UK All-Party Parliamentary Group on ESG (APPG) published a report on environmental, social and governance issues. All-Party Parliamentary Groups are informal groups of Members of the House of Commons and House of Lords with a common interest in particular issues. The views expressed in the report are those of the group. The report’s objective is to “aid parliamentarians’ understanding of ESG with the aim of injecting momentum into the UK Government’s policy agenda,” and also “give clarity of purpose across the political spectrum to how businesses can deliver public goods through the adoption of ESG frameworks.” The report defines ESG and related key terms; explains how they relate to business practices and government policy; sets out recommendations for the UK Government; “highlights ESG’s capacity to align public policy objectives with commercial ones;” and advocates for legislative and regulatory action by the UK Government to ensure that published ESG data is accurate and comparable.
