UK Green Taxonomy Dies As Sustainability Regulations Face Global Pushback

The International Accounting Standards Board (IASB) state that “information is material if omitting, misstating or obscuring it could reasonably be expected to influence the decisions that the primary users of general purpose financial statements make on the basis of those financial statements, which provide financial information about a specific reporting entity.”

Scope3 Financed Emissions: Greenhouse gas emissions associated with a company's investments, lending, and financial activities, particularly in the context of their portfolio companies. Emissions Allocation: The process of assigning emissions to a specific lender or investor based on their exposure to a portfolio company's emissions.

Use emissions intensity to allocate emissions to Scope 3 Category 15.

Sustainable finance is an approach to financial decision-making that takes into account environmental, social, and governance (ESG) factors.

The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established in 2009 by the G20 countries in response to the global financial crisis. The FSB's primary mandate is to promote financial stability by coordinating and enhancing the effectiveness of regulatory, supervisory, and other financial sector policies.

An Article 8 Fund under SFDR is defined as “a Fund which promotes, among other characteristics, environmental or social characteristics, or a combination of those characteristics, provided that the companies in which the investments are made follow good governance practices.”