Sillion’s Post

🚨 UK Green Taxonomy: Consultation now open The UK has launched its long-awaited Green Taxonomy consultation, open until February 2025. This initiative aims to determine whether a taxonomy is a valuable addition to existing sustainable finance frameworks. Here’s what you need to know: 👉 What it is: In this case, a taxonomy is a way to classify economic activities as sustainable, ensuring they align with national goals and create clear, consistent rules for what qualifies as a sustainable investment. 👉 Challenges acknowledged: The consultation highlights how existing taxonomies, like the EU Taxonomy, have been hard to use because of its strict rules for building sustainable funds and portfolios. 👉 Interoperability: The UK plans to stay compatible with frameworks like the EU Taxonomy, using similar formats and terms to support global consistency. You can review the consultation and submit responses here: https://lnkd.in/e9vQ52qJ Want to stay updated on the latest ESG news? Sign up for our fortnightly Sillion Briefing here: https://lnkd.in/dVYs6spM  #GreenTaxonomy #Transition #Sustainability

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