UK taxonomy working group releases final recommendations
Amidst prolonged delays to the development of the UK's taxonomy, the working group has released its final recommendations, suggesting that the Financial Reporting Council could to take over its work.
UK 'should streamline EU's DNSH criteria for its own taxonomy'
The more than 700 'do no significant harm' (DNSH) criteria for disclosures in line with the EU taxonomy should be drastically cut back to avoid "usability issues" with the UK's own version, according to a UK government-mandated expert group.
UK must 'act now' on its green taxonomy or risk losing green financial leadership
The UK has been warned by its own Green Technical Advisory Group (GTAG) that it needs to "act now" on developing its overdue taxonomy of sustainable activities, or risk being overtaken as a green financial centre.
Simplified EU taxonomy could be global baseline, UK expert suggests
A simplified EU taxonomy of sustainable activities would help pave the way for its adoption globally as a starting point on which other jurisdictions could more easily build, according to the chair of the UK's taxonomy advisory group.
UK should 'seriously consider' taxonomy timeline after government overhaul
The UK government should reconsider the timeline for its taxonomy of sustainable activities after the entry of Prime Minister Liz Truss' administration, its independent advisory group has said.
LGIM, Aviva join call for UK to mandate transition plans
Aviva Investors and Legal & General Investment Management (LGIM) are among organisations calling on the UK government to require large, listed companies to prepare and disclose 'transition' plans to reach net zero greenhouse gas emissions.
UK launches group to advise on taxonomy
The UK government has appointed a Green Technical Advisory Group (GTAG) to advise it on creating a UK taxonomy...
Taxonomy says no to nuclear but yes to some cars and fossil fuels
The taxonomy of climate-related activities released today is expected to prove "an important building block" in the creation of a sustainable financial system.
EXCLUSIVE: EU's TEG broadens taxonomy to include 'transition' activities
The EU's Technical Expert Group on Sustainable Finance (TEG) has broadened the scope of its taxonomy to include activities that help transition to a net-zero economy by 2050, in a move that opens the door to some fossil fuels and internal combustion engines, Environmental Finance has learned.
EU taxonomy hits political headwinds that could delay it until 2020
The EU’s proposed taxonomy on environmentally sustainable activities has been delayed by the European Parliament, and may not enter legislation until 2020, Environmental Finance has learned.