techUK Ltd.

20/11/2024 | News release | Distributed by Public on 20/11/2024 11:13

New HM Treasury announcements on green finance policy

20 Nov 2024

New HM Treasury announcements on green finance policy

Last Thursday, the Chancellor made a series of announcements around the new government's plans around green finance.

UK Sustainability Reporting Standards (UK SRS)

It has been confirmed that the government will consult on economically significant companies disclosing information using the upcoming UK SRS. The Department for Business and Trade is aiming to publish a consultation on draft UK SRS in Q1 2025. This consultation will focus on the content of the standards rather than the nature of any reporting requirements. The announcement made on Thursday refers to the latter and the consultation on reporting requirements will take place after the one dedicated to standards (likely towards the second half of 2025).

Transition plans

The government has confirmed that it will consult in the first half of 2025 on how best to mandate transition plans.

UK Green Taxonomy

The government has published a consultation which will inform an assessment of the value of implementing a UK Taxonomy. The consultation explores potential use cases and design features, seeking feedback from stakeholders on the taxonomy's practicality and integration with existing sustainable finance frameworks. The deadline for responses is 6 February 2025.

Voluntary carbon and nature markets

The government has launched a set of integrity principles for voluntary carbon and nature markets and confirmed that it will consult on how to implement them in early 2025.

ESG ratings providers

The government has released a consultation response on the issue of regulating ESG ratings providers, alongside draft legislation that will enable this. Once the legislation is finalised in 2025, the FCA will consult on the specifics.

Members will have the opportunity to hear more about all the above at the upcoming Responsible Business Conduct Group meeting on 10 December, but please feel free to reach out to [email protected]or [email protected]if you have any questions in the meantime.

Climate, Environment and Sustainability Programme activities

The techUK Climate Programme provides opportunities for members to present tech solutions that assist carbon emission reduction, circularity, and human rights goals. We also help our members with their own net zero transition, including measurement, implementation, compliance, and reporting. Visit the programme page here.

Tech Led Biodiversity Showcase 2024, 21 November

As ecosystems face unprecedented threats from climate change, habitat loss, and human activity, the need for effective conservation strategies is urgent. Protecting biodiversity is not only crucial for preserving the natural world but also for maintaining the health and stability of our global environment. Our Tech Led Biodiversity Showcase is designed to highlight cutting-edge digital technologies that enhance the monitoring, preservation, and restoration of biodiversity.

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Meet the team

Craig Melson

Associate Director for Climate, Environment and Sustainability, techUK

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Craig Melson

Associate Director for Climate, Environment and Sustainability, techUK

Craig is Associate Director for Climate, Environment and Sustainability and leads on our work in these areas ranging from climate change, ESG disclosures and due diligence, through to circular economy, business and human rights, conflict minerals and post-Brexit regulation.

Prior to joining techUK he worked in public affairs and policy has an avid interest in new and emerging technologies. Craig has a degree in Ancient History from King's College London and spends his time watching Watford FC and holding out hope for Half Life 3.

Email: [email protected]Phone: 020 7331 2172 Twitter: @techUK,@techUK Website: www.techuk.org,www.techuk.org LinkedIn: https://uk.linkedin.com/in/craig-melson-25479936,https://uk.linkedin.com/in/craig-melson-25479936

Weronika Dorociak

Programme Manager, Sustainability , techUK

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Weronika Dorociak

Programme Manager, Sustainability , techUK

Weronika joined techUK as a Programme Manager for Sustainability in October 2023.

Her role involves advocating for the tech sector in front of key policymakers and stakeholders. Weronika also leads the environmental and sustainability efforts within the Data Centres Group.

Prior to joining techUK, Weronika worked in public affairs and government relations in the legal sector, focusing on innovation and ESG within financial services. She also spent 2 years working as a Caseworker at Parliament. She holds a BA in Politics & International Relations from Queen Mary University of London.

Outside of work, Weronika can be found on a tennis court, at the gym, practicing yoga, or indulging in her love for Taylor Swift's music as a dedicated Swiftie.

Email: [email protected]LinkedIn: https://www.linkedin.com/in/weronikaedorociak/

Josh Turpin

Programme Manager, Telecoms and Net Zero, techUK

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Josh Turpin

Programme Manager, Telecoms and Net Zero, techUK

Josh joined techUK as a Programme Manager for Telecoms and Net Zero in August 2024.

In this role, working jointly across the techUK Telecoms and Climate Programmes, Josh is responsible for leading on telecoms infrastructure deployment and uptake and supporting innovation opportunities, as well as looking at how the tech sector can be further utilised in the UK's decarbonisation efforts.

Prior to joining techUK, Josh's background was in public affairs and communications, working for organisations across a diverse portfolio of sectors including defence, telecoms and infrastructure; aiding clients through stakeholder engagement, crisis communications, media outreach as well as secretariat duties.

Outside of work, Josh has a keen interest in music, painting and sailing.

Email: [email protected]Phone: 020 7331 2038 LinkedIn: https://www.linkedin.com/in/josh-turpin/

Lucas Banach

Programme Assistant, Data Centres, Climate, Environment and Sustainability, Market Access, techUK

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Lucas Banach

Programme Assistant, Data Centres, Climate, Environment and Sustainability, Market Access, techUK

Lucas Banach is Programme Assistant at techUK, he works on a range of programmes including Data Centres; Climate, Environment & Sustainability; Market Access and Smart Infrastructure and Systems.

Before that Lucas who joined in 2008, held various roles in our organisation, which included his role as Office Executive, Groups and Concept Viability Administrator, and most recently he worked as Programme Executive for Public Sector. He has a postgraduate degree in International Relations from the Andrzej Frycz-Modrzewski Cracow University.

Email: [email protected]Phone: 020 7331 2006 Twitter: @techUK Website: www.techuk.org LinkedIn: https://www.linkedin.com/in/lucas-banach-50139650