Travers Smith's Sustainability Insights: Sustainability labels for the UK

When the UK left the EU, it could have chosen to copy out the EU's Sustainable Finance Disclosure Regulation (SFDR). Many observers assumed it would do just that. Having a single set of sustainability rules would have made sense for many firms, for whom Europe is still a single market, and British policymakers were keen to emphasise their green credentials. 

But, of course, the UK government of the time had little appetite for copying out EU rules – and the mood has only hardened since. Prime Minister Sunak's rhetoric contemplates a bonfire of EU law. The UK thinks it can do better, especially in relation to financial services.