The IRSG welcomed the opportunity to respond to HMT’s consultation on the value and use cases for a UK taxonomy, as part of the UK’s wider sustainable finance framework. The IRSG believes that it will be important for the government to consider whether proceeding with a UK taxonomy is necessary for the UK to become a world-leading destination for sustainable finance. Alongside this, the government must assess whether introducing a UK taxonomy would maintain and enhance the UK’s position as an internationally competitive and attractive destination for companies to invest and do business, which has a fundamental role to play in delivering sustainable economic growth.
Our response to the Department for Science, Innovation and Technology’s (DSIT) call for evidence on ‘Smart Data opportunities in digital markets’
We support the development of a Smart Data ecosystem in the UK, leveraging the Data (Use and Access) Act (DUA Act) to facilitate secure and transparent data sharing. The UK financial services industry is already a global leader in Smart Data initiatives, and DSIT should consider our industry’s experience with Open Banking as a blueprint for wider reform.