UK Labour Proposal: Climate change: Firms failing to tackle crisis will be delisted from stock exchange

Companies that fail to act on the climate change they cause will be axed from the stock exchange, under radical Labour plans.

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”.

via Climate change: Firms failing to tackle crisis will be delisted from stock exchange, Labour says | The Independent

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s