In December 2022, the government announced a delay in the implementation of the UK Green Taxonomy. It is vital that the government provides a clear timeline for a legally grounded taxonomy in the forthcoming Update to the Green Finance Strategy, expected to be announced later this month.

This briefing covers:

• Why a legal taxonomy is needed to align the financial sector with net zero, tackle greenwashing, inform investment decision-making and underpin other green regulatory steps
• What the taxonomy should contain and why it must work with other international taxonomies.