UKSIF Comment on delays to the UK’s Green Taxonomy

Quote from our Chief Executive, James Alexander, on the recent statement from Treasury, on the UK’s Green Taxonomy .

“Following a lack of clarity over the future direction of the UK’s taxonomy throughout this year, we are naturally hugely disappointed by today’s statement confirming further delays to the taxonomy’s implementation.

The development of the UK’s taxonomy remains very important for investors and companies seeking clarity on how to align their activities with net-zero, and it closely underpins other key components of the UK’s future sustainable finance regulatory framework, including the upcoming investment labels system. 

We urge government to restate its intention to swiftly delivering a science-based taxonomy and a clear timeline for implementation, following through on the UK’s commitments made in the ‘Greening Finance Roadmap’. This step would help prevent the UK falling behind the EU and other jurisdictions in its leadership on sustainable finance, and we look forward to continue engaging with government and other members of the Green Technical Advisory Group in the coming months.” 

—James Alexander, Chief Executive, UK Sustainable Investment and Finance Association (UKSIF)