Business: Environment Protection and Staff
Commons · Question 34684 · Tabled 28 Feb 2025 · Department for Business and Trade · Official record
Answered 10 Mar 2025
Question
Asked by Martin Wrigley
To ask the Secretary of State for Business and Trade, if he will take steps with Cabinet colleagues to require regulators to help support businesses to meet their fiduciary responsibilities to (a) employees and (b) the environment.
Answer
Answered by Justin Madders, 10 Mar 2025
Under Section 172 of the Companies Act 2006, directors have a fiduciary duty to have regard in their decision-making to the interests of their employees and the impact of the company’s operations on the environment. Large companies must report annually on...