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The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

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Featured Pathways

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The Science of Climate Change

Climate change is no longer a distant threat or just a possibility, it is now a reality for all of us. In this pathway, Kevin Trenberth, a renowned climatologist, delves into the science behind climate change. He first introduces the climate system, its main components and forces.

Tackling the Plastic Crisis

Plastic pollution is by far the biggest threat to our oceans and this remains an incredibly tough problem to solve. Plastic credits could potentially serve as one of the much needed solutions for this crisis.

More pathways

Ready to get started?

PLANS & MEMBERSHIP

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Sustainability Unlocked to your current platform

Featured Content

More featured content

The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

ESG, Sustainability and Impact Jargon Buster

ESG, sustainability, impact… they all just mean green, right? Not quite. Despite being used often interchangeably, there are distinct differences between these terms.

More featured content

Ready to get started?

Ready to get started?

UK ESG Taxonomy

UK ESG Taxonomy

Keith Mullin

35 years: Capital markets editorial

The UK government has a green taxonomy roadmap with three phases, starting with disclosure and reporting requirements to inform investors and consumers. Join Keith as he explains in detail about the UK’s green taxonomy roadmap and the different phases of its implementation.

The UK government has a green taxonomy roadmap with three phases, starting with disclosure and reporting requirements to inform investors and consumers. Join Keith as he explains in detail about the UK’s green taxonomy roadmap and the different phases of its implementation.

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UK ESG Taxonomy

8 mins 9 secs

Key learning objectives:

  • Understand the UK government's roadmap for implementing a Green Taxonomy and its alignment with the country's net zero commitments

  • Outline the three phases of implementation for the UK Green Taxonomy

  • Assess the mandatory disclosure and reporting requirements for companies and investment products

Overview:

The UK government has set out a roadmap for implementing a Green Taxonomy, which will align with the country's net zero commitments and mobilise capital towards sustainable activities. The taxonomy is based on the EU blueprint but adapted to the UK economy and will be implemented in three phases: addressing the information gap, creating expectations and requirements for sustainable decision-making, and mobilising financial flows towards net zero targets. The roadmap also includes mandatory disclosure and reporting requirements for companies and investment products to report on their environmental impacts and sustainability considerations.

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Summary

What is the UK government’s roadmap for implementing a Green Taxonomy?

The UK government's roadmap for implementing a Green Taxonomy, as outlined in the document "Greening Finance: a Roadmap to Sustainable Investing" published in October 2021, details the plan for adapting the EU blueprint to suit the UK economy and contribute to greening the UK financial system by mobilising capital towards financing climate transition. The roadmap also includes the implementation of mandatory TCFD-aligned disclosure requirements

What will be included in the UK Taxonomy?

The aim of the UK Taxonomy is to create clarity, consistency, and comparability for investors, to bring about a better understanding of companies’ environmental impacts, and provide a reference point for companies. 

It is based on the EU taxonomy and will follow three core principles: an objective and science-based approach to assessing sustainability, usefulness to investors without placing a disproportionate burden on companies, and suitability for the UK market and consistency with UK government policy. 

The taxonomy is focused on six environmental objectives: climate change mitigation, climate change adaptation, sustainable use and protection of water and marine resources, transition to a circular economy, pollution prevention and control, and protection or restoration of biodiversity and ecosystems. Each of these objectives will be subject to Technical Screening Criteria that will be written for every economic activity included in the taxonomy.

The UK Taxonomy will also include Enabling Activities, which are activities that support transition by enabling substantial contributions to environmental objectives in other sectors but which are not yet sustainable themselves.

How is the UK Taxonomy being implemented?

​​The UK Taxonomy is being implemented through a three-phase process:
Phase One: Addresses the information gap and ensures that information about sustainability flows smoothly from companies to financial market participants. 

Phase Two: Involves acting on that information, creating the expectations and requirements for sustainability to become a core element of business and financial decision-making. 

Phase Three: Focuses on mobilising financial flows to push the UK towards meeting its net zero commitments.

In Phase One, disclosure and reporting requirements will be introduced, such as Sustainability Disclosure Requirements (SDRs) based on international standards. Companies will be required to report on their environmental impacts using the UK Green Taxonomy and investment funds and products will have to disclose the sustainability of the assets they invest in.

 

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Keith Mullin

Keith Mullin

Keith is the founder and director of KM Capital Markets, a media and thought-leadership consultancy. He spent the past 35 years working in specialist capital markets media and has had a ring-side seat at all of the major market events. Prior to setting up KM Capital Markets in 2017, Keith worked at Thomson Reuters.

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