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.
Global Regulatory Coherence Dashboard
The IRSG’s 'Global Regulatory Coherence Dashboard' report highlights key areas where the UK can lead in promoting global alignment, such as sustainable finance and operational resilience, while addressing growing fragmentation in emerging areas like digital assets, AI, and data flows.