This paper sets out Co-operatives UK’s position in response to the Co-operative and Community Benefit Societies (Environmentally Sustainable Investment) Bill, also known as the ‘Green Shares Bill’.
The Green Shares Bill contains three much-needed legislative changes that would further enhance the contribution co‑operative and community benefit societies make to sustainable and inclusive economic development. But the Bill must also be amended in key ways to be of practical value. In current form, parts of the Bill would be impractical and counterproductive. We urge MPs and Government to support the passage of the Green Shares Bill to Committee Stage, where it can be amended as necessary.