The CEOs of three leading institutional investor-focused organisations –IIGCC, PRI and UKSIF – have published an open letter to the UK government, expressing strong opposition to the possible inclusion of natural gas activities in the UK’s ‘green taxonomy.’
The letter comes in response to recent media reports that the UK Government is actively considering this step. IIGGC, PRI and UKSIF together believe this action would undermine the credibility of the UK’s taxonomy for many investors, while significantly damaging the UK’s leadership position on sustainable finance for years to come.
Disclaimer: The letter was developed in collaboration with a number of IIGCC, PRI and UKSIF members, but does not necessarily represent the views of the entire membership, either individually or collectively.