Moved by
Viscount Younger of Leckie
11: Clause 5, page 3, line 30, at end insert—
“( ) Where an order has been made under section 2, each report prepared by the directors of the Bank for a financial year under section 415 of the Companies Act 2006 must include—
(a) an explanation of the steps that the Bank took in that year to ensure that its activities in making, facilitating or encouraging investments in that year and in any previous financial years would (taken as a whole) be likely to contribute to a reduction of global greenhouse gas emissions, and
(b) a statement of the directors’ views on the likely effect of its activities in those years on global greenhouse gas emissions.”