A Labour government would hand the Bank of England climate change powers and would delist companies from the main London market if they failed to hit environmental targets, the shadow chancellor said in June.
John McDonnell said in a speech on 25th June that Labour would harness “the full might of the Treasury” to force financial institutions on environmental issues. Commercial and investment banks, as well as pension fund and hedge funds, would be scrutinised over contributions to climate change.
ACI Reports has for many years been warning non-compliant building operators that they are at risk of sudden toughening up on environmental issues, which includes TM44 inspections.
The legislation for fining on TM44 non-compliance is all in place – property owners/operators with large numbers of buildings are taking real risks if they do not deal with this compliance piece soon!