Financial Services: Environment Protection

Treasury written question – answered on 11th January 2023.

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Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Chancellor of the Exchequer, whether he has made an assessment of the implications for his Department's policies of the report on the UK Green Taxonomy published by the APPG on Environmental, Social, and Governance.

Photo of Andrew Griffith Andrew Griffith The Economic Secretary to the Treasury

The Government is clear that the value of a taxonomy rests on its credibility as a practical and useful tool for investors, companies, consumers and regulators in supporting access to sustainable finance.

The government has been engaging closely with the independent Green Technical Advisory Group and is considering the recommendations which they have recently published. The government has noted the publication of the UK Green Taxonomy report, by the APPG on Environmental, Social, and Governance, and will consider the views of a variety of stakeholders as it prepares to set out its next steps.

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