UK Publishes New Climate Disclosure Requirements

The United Kingdom recently published "Greening Finance: A Roadmap to Sustainable Investing."  This document reflects and incorporates a number of environmental initiatives, including the principle that "[t]he financial system is [] critical to achieving net zero [greenhouse gas emissions] and protecting the UK's natural environment."  The focus of this report is twofold: (1) Sustainability Disclosure Requirements, or the reports and information that business must disclose; and (2) the UK Green Taxonomy, which establishes specific criteria that business must satisfy in order to be labelled environmentally sustainable (and thus to combat "greenwashing," where investments are misleadingly described as environmentally sustainable).