Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has made an assessment of the implications for his policies of the report of the all-party parliamentary group on environmental, social, and governance on the UK Green Taxonomy, published in December 2022.

The government is committed to implementing a green taxonomy as part of its sustainable finance agenda.

However, 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 in the Green Finance Strategy in the coming months.