UKSIF urges government to launch Green Taxonomy consultation as GTAG publishes final recommendation paper

Josh Hunt
Josh Hunt 5th October 2023

The UK Sustainable Investment and Finance Association (UKSIF) has urged the government to launch its consultation on the Green Taxonomy, following the publication of the final Green Technical Advisory Group (GTAG) recommendation paper.

UKSIF has sat on the GTAG since its formation in 2021, providing insight on its members’ views on how a robust, science-based taxonomy ought to work in the UK.

The GTAG’s recommendation papers and final statement can be found here.

UKSIF CEO James Alexander said:

 

“Through its recommendations papers over the last two years, the Green Technical Advisory Group (GTAG) has highlighted to government how a ‘green taxonomy’ in the UK could help better enable investors and businesses to make the investments in the sustainable economy that are needed if the UK is to meet net-zero. We welcome today’s final recommendations published by the GTAG advising government to consider an ‘institutional home’ to oversee and support the long-term implementation of the taxonomy.

 

“Our members continue to require a clear, science-based taxonomy in the UK that provides valuable transparency over those economic activities supporting the UK’s climate objectives. The UK’s taxonomy should also seek to proactively shape the development of other taxonomies and disclosure regimes around the world.

 

“It is now vital that the government brings forward its green taxonomy consultation without further delay, with clear timelines set out for how and when it will be implemented.

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