UK Target 15: The UK will take legal, administrative or policy measures to encourage and enable business, and in particular to ensure that large and transnational companies and financial institutions:

(a) regularly monitor, assess and transparently disclose their risks, dependencies and impacts on biodiversity, including with requirements for all large as well as transnational companies and financial institutions along their operations, supply and value chains, and portfolios;

(b) provide information needed to consumers to promote sustainable consumption patterns;

(c) report on compliance with access and benefit-sharing regulations and measures, as applicable;

in order to progressively reduce negative impacts on biodiversity, increase positive impacts, reduce biodiversity-related risks to business and financial institutions, and promote actions to ensure sustainable patterns of production.

Commitments:

UK

• We will take steps to implement Sustainable Disclosure Requirements (SDR) in the UK, a streamlined disclosure framework for sustainability information. The UK has already mandated large companies in the UK private sector to report and disclose in alignment with the Taskforce on Climate-Related Financial Disclosure. SDR will bring together new and existing sustainability reporting requirements—particularly those from the International Financial Reporting Standards Foundation (IFRS) International Sustainability Standards Board (ISSB)—for business, the financial sector and investment products. This will enable market participants to identify investment opportunities, ensuring that sustainability claims stand up to scrutiny and protect against consumer harms such as ‘greenwashing’.
• We will continue to support the work of the global, market-led Taskforce on Nature-related Financial Disclosures (TNFD). The TNFD recommendations enable businesses and financial institutions to report and act on their nature-related risks, opportunities, impacts, and dependencies, and represents an invaluable tool for supporting the realignment of financial flows towards nature-positive outcomes. We will also encourage industry engagement through the TNFD UK National Consultation Group. 
• We will introduce a mandatory labelling regime to make it easier for consumers to understand how to recycle packaging correctly.
• We will implement the measures described under Target 13, which include a requirement for UK users of genetic resources to submit due diligence declarations when in scope of the UK Access and Benefit Sharing (ABS) Regulations, and therefore demonstrate compliance with ABS legislation of the provider country.

UK Overseas Territories and Crown Dependencies

The British Virgin Islands

• We will develop an awareness of corporate social responsibility for the environment with an award for groups and businesses that assist in developing climate change technology.
• We will work with the private sector to integrate sustainable development into their practices and encourage the reporting on outcomes to feed into the Voluntary National Reporting structure.

The Falkland Islands 

• We will explore management plans for the tourist industry in environmentally sensitive areas and explore the concept of eco-certification for the Falkland Islands’ tourist industry.
• We will continue to support industry in attaining environmentally sustainable accreditation for key exports to ensure access to markets and price premiums, e.g., attaining Marine Stewardship Council (MSC) certification for Toothfish or Loligo.
• We will address private sector challenges and barriers to becoming greener by engaging with the private sector to understand opportunities (including for environmental businesses) and barriers, and by developing and promoting a package of business support with the Falkland Islands Development Corporation (FIDC).

Gibraltar

• We will continue to engage constructively with the business community, including the Gibraltar Chamber of Commerce and Federation of Small Businesses to overcome any challenges and fulfil the many opportunities that exist in developing a green economy.
• We will ensure that online tools and support are appropriately signposted so that businesses are more easily able to understand the impacts of their business on the environment, and the impacts to their business from environmental changes. This will enable them to develop climate resilient business strategies.

The Isle of Man

• By 2025, we will encourage all local businesses to take account of the local and global biodiversity impacts of their activities, and ensure they understand the need for and benefits of biodiversity conservation.
• By 2025, we will promote responsible and sustainable production and consumption, particularly as it benefits biodiversity here and worldwide, by providing information and advice on best practice, including sustainable procurement.

UK

• The Sustainability Disclosure Requirements: Implementation Update 2024 sets out the next steps on corporate and financial disclosure in the UK, including on nature related disclosure.
• The UK Sustainability Disclosure Standards will set out corporate disclosures on the sustainability-related risks and opportunities that companies face. They will form the basis of any future requirements in UK legislation or regulation for companies to report on risks and opportunities relating to sustainability matters, including risks and opportunities arising from climate change. They are set by the International Sustainability Standards Board (ISSB) and informed by the Taskforce on Nature-related Financial Disclosures (TNFD).

• We will improve sustainability reporting by UK entities where they can play a role in supporting the climate and nature transition and the development of UK sustainability reporting standards.
• We will provide £250,000 funding to the TNFD in financial year 2026 to 2027. We will encourage UK organisations to familiarise themselves with the TNFD nature-related risk management and disclosure framework through the Defra-funded Green Finance Institute-led TNFD UK Consultation Group.
• We will develop standard methods and infrastructure to improve how emissions from food and drink are understood across the supply chain through the Defra Food Data Transparency Partnership.

UK Overseas Territories and Crown Dependencies

The British Virgin Islands

• Vision 2036: Building a Sustainable Virgin Islands sets out an overall vision to have a well-balanced, people-centred Virgin Islands built on spirituality, social justice and equality; nurtured by trust, cultural knowledge and participatory governance; and strengthened by economic, environmental and social sustainability. One of the national outcomes of this policy is environmental sustainability.

The Falkland Islands

• The Falkland Islands Environment Strategy 2021–2040 sets out the Falkland Islands’ objectives for the next 20 years, so that we can work towards a shared vision for the future of our environment.
• The Islands Plan 2022–2026 sets out the blueprint for the Legislative Assembly and will stand as proof of the actions that we intend to take on behalf of generations to come.

Gibraltar

• The 25 Year Environment Plan sets out Gibraltar’s long-term strategy for protecting and enhancing its environment over the next quarter century. It provides a structured framework to guide policy, planning and environmental management.

The Isle of Man 

• The Isle of Man Agricultural Strategy 2024 builds on current food security, food business, landscape, and natural wealth strategies. The principles laid out in this document represent the agreed objectives for agriculture, farmers and the environment.

• Managing our Natural Wealth, The Isle of Man's First Biodiversity Strategy 2015–2025 sets out a vision for the future health of our biodiversity, and maps out the framework for action to conserve and enhance our natural richness for the health, enjoyment and economic well-being of all the people of Isle of Man.