Timeline of green finance developments

• 30 June - HM Treasury and the DMO published the UK Government Green Financing Framework (UK Government Green Financing, Policy Paper). This document sets out the Government’s ambitious climate and environmental agenda and its vision for enhancing the UK’s leadership as the world’s pre-eminent green financial centre. The Framework also details how the proceeds from the Green Gilt and retail Green Savings Bonds will finance expenditures to help tackle climate change, biodiversity loss, and other environmental challenges, while creating green jobs across the UK.
• 4 June - The EU has launched a new Taxonomy Compass to assist users in identifying which activities are “taxonomy eligible activities” and the relevant technical criteria to meet. It is has been designed to be easily integrated into business databases. The Compass can be used in two ways: i) the “EU Taxonomy Compass” tab to access a matrix that displays the economic activities per environmental objective; and ii) the “Activities by sector” tab to check which economic activities for a given sector are considered taxonomy-relevant and view the technical screening criteria applicable to them

• The LMA, APLMA and LSTA published the Social Loan Principles, which creates a high-level framework of market standards and guidelines which provides a consistent methodology to apply across the Social Loan Market. 
• Net Zero Banking Alliance 

• LMA publishes guidance on the GLP and SLLPs
• Coalition for the Energy Efficiency of Buildings publishes report, backed by the Green Finance Institute
• EU presents biodiversity strategy for 2030

   

EU publishes its taxonomy

Bank of England/Prudential Regulation Authority published its supervisory statement, enhancing banks’ and insurers’ approaches to managing the financial risks from climate change

LMA publishes Green Loan Principles and Sustainability Linked Loan Principles

Task Force for Climate-related Financial Disclosures published its final recommendations including its report, an implementation annex and technical supplement.

Paris (UNFCC Climate) Agreement ratified

UN publishes guiding principles on business and human rights