Moved by
Lord Stevenson of Balmacara
14: Clause 6, page 3, line 35, leave out subsection (2) and insert—
“(2) The Secretary of State must prepare and lay before both Houses of Parliament a report on the activities and investments of the UK Green Investment Bank.
(2A) The Secretary of State must lay a report before Parliament as provided for under subsection (2) within 12 months of the coming into force of this Act, and annually thereafter.
(2B) The report under subsection (2) must, in particular, include or contain information about—
(a) the investments undertaken by the UK Green Investment Bank during this period,
(b) how the UK Green Investment Bank is achieving its green purposes as set out in section 1,
(c) a value-for-money and efficiency statement,
(d) the identification and management of risk in respect of UK Green Investment Bank objects and investments,
(e) how the UK Green Investment Bank is not duplicating investments made in the markets, and
(f) how the UK Green Investment Bank has applied the Main Principles as set out in the UK Corporate Governance Code.”