Scope
Would apply to financial market participants and large companies
UK · standard
UK Green Taxonomy
Consulted on, not legislated
Penalties
None
Last verified
2026-08-25
In plain language
What this law does
SCRAPPED — retained as a record. A proposed UK green-activity classification consulted on in 2024–25; HM Treasury confirmed on 15 July 2025 that it will not pursue a UK Green Taxonomy, judging it not the most effective tool. UK Dictionary termSustainable FinanceThe integration of environmental, social and governance considerations into financial decision-making — the umbrella field of ESG investing, green instruments and disclosure rules.Read the full definition policy relies instead on principle-based rules (incl. the FCA Dictionary termAnti-greenwashing ruleAn anti-greenwashing rule is a regulatory or supervisory requirement intended to prevent misleading sustainability claims in financial products, services or communications.Read the full definition ). No obligations arise; kept in the library so users can see it was considered and abandoned.
Core obligations
None — not legislated