Sustainability reporting replaces taxonomy in UK’s green policy framework
In a consultation report published on Tuesday, the British government announced plans to abandon the green #taxonomy framework, first presented in 2020. Taxonomy plans have faced pushback globally for their complexity and inability to prevent #greenwashing. The consultation results showed that 55% of respondents, mainly from financial institutions, had negative or mixed feelings about the taxonomy plan. Emma Reynolds, Economic Secretary to the Treasury and City Minister, said, “The consultation responses showed that other policies were of higher priority to accelerate investment into the transition to #NetZero and limit greenwashing.” Government officials in the #UK hope to shift their focus to corporate transition plans and #sustainability reporting standards. Ensure your company meets #SustainabilityReporting standards by implementing ESG solutions.
https://impakter.com/esg-news-uk-abandons-green-taxonomy-shifts-focus-sustainability-reporting/



