Market participants are positive that the UK will remain
aligned with the EU’s sustainable finance taxonomy
following the end of the Brexit transition period in December
2020 – assuming all existing timelines remain in place
in spite of the global coronavirus pandemic.
"We don’t see these two things as
incompatible," said Rob O’Malley, head of treasury
at Cadent, a UK-based gas company. "We believe that we are well
aligned with the developing transition bond framework and are
committed to helping facilitate a large-scale move to hydrogen
and other low-carbon gases in our networks, to massively
decarbonise heat and transport and help the UK reach net
Confidence that the UK will remain aligned after the end of
transition phase was echoed by Ruth Knox, corporate managing
associate at Linklaters.
ESG survey: Fifty shades of
"Without question, UK-headquartered companies are keeping
track of the developments in the EU...