Financial Services: Environment Protection
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the regulatory impact of integrating nature-related financial risks into mandatory financial disclosure requirements.
Answered by Emma Reynolds
The government welcomes the continued progress on developing sustainability standards by the International Sustainability Standards Board (ISSB), and welcomes the ISSB’s ongoing research on biodiversity, ecosystems and ecosystem services. On 25th June 2025, the government published its consultation on the draft UK-endorsed standards, which will be known as UK Sustainability Reporting Standards (UK SRS) and are based on the ISSB standards.
The UK government is supportive of companies building their capacity on nature through the UK Consultation Group of the Taskforce on Nature-related Financial Disclosures (TNFD).
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