Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what his Department's expected timeline is on completing all stages of the UK Green Taxonomy process.

The Government remains committed to delivering a UK Green Taxonomy to support an increase in financing for activities supporting the transition to net zero and delivering on UK environmental objectives.

We expect to consult shortly. Following the consultation, we will analyse responses and provide a government response in accordance with Cabinet Office consultation principles, with a view to finalising the Taxonomy.

As set out in the Green Finance Strategy (2023), the Government will introduce a testing period of voluntary disclosures for at least two reporting years. In the longer term, we also maintain the ambition to introduce mandatory disclosures against a future Taxonomy.