Bank of England must do more to secure green recovery from Covid, say MPs

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Committee urges governor to ‘show leadership’ on climate change and forge new path to net zero goal

The Bank of England must do more to ensure a green recovery from the Covid-19 crisis, as current emergency finance measures have not carried conditions relating to greenhouse gas emissions, an influential committee of MPs has said.

The environmental audit committee has written to Andrew Bailey, the governor of the Bank of England, urging him to force large companies receiving millions of pounds in taxpayer money to publish information on their exposure to climate-related risks. Such disclosures are not yet mandatory but have been recommended by the former Bank governor Mark Carney.

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