UK Government and businesses must take decisive steps to protect global biodiversity say MPs

Ambition around biodiversity is lacking says Committee

clock • 2 min read

The government must strengthen its sustainable procurement policies and make it illegal for UK businesses to use deforestation-linked commodities, MPs have said in a new report.

The recommendation comes as the Environmental Audit Committee (EAC)of16 MPs publishes its latest report, the UK's footprint on global biodiversity, and ahead of preliminary meetings of the UN Convention on Biological Diversity (COP15) in October. MPs are concerned that unsustainable consumption is having a significant impact on global biodiversity, as a number of commodities such as soy, cocoa, timber, pulp, and paper are responsible for deforestation and nature decline. Asset managers launch biodiversity module that shows portfolio impact on extinction risk In the report the MPs...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

Business and Human Rights Resource Centre: Ignorance no longer a defence for unethical tech investments

Business and Human Rights Resource Centre: Ignorance no longer a defence for unethical tech investments

Tantalum’s hidden costs

Blanca Racionero Gomez
clock 11 July 2025 • 4 min read
HSBC: 'Stark' contrast between investors' approach to sustainability
ESG

HSBC: 'Stark' contrast between investors' approach to sustainability

Survey polled 144 financial services professionals

Stuart Stone
clock 10 July 2025 • 2 min read
Quilter Cheviot's renames Climate fund range as it adopts SDR label
ESG

Quilter Cheviot's renames Climate fund range as it adopts SDR label

'Sustainability Focus’ label adopted

Linus Uhlig
clock 08 July 2025 • 1 min read
Trustpilot