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Roadmap for Advancing Interoperability and Comparability of Sustainable Finance Taxonomies

Roadmap for Advancing Interoperability and Comparability of Sustainable Finance Taxonomies

Year Published

2024

Contributing Organisations

Central Bank of the Azerbaijan Republic (CBAR)
International Platform on Sustainable Finance (IPSF)
Sustainable Banking and Finance Network (SBFN)
United Nations Development Programme (UNDP)

Type of Resource

Guidance

Languages

English

Relevant Topics

Core Topic
Taxonomies

Target Audience

All

Relevant Geography

Global
Roadmap for Advancing Interoperability and Comparability of Sustainable Finance Taxonomies

Resource Summary

This roadmap aims to enhance the interoperability and comparability of sustainable finance taxonomies, in line with the SBFN Toolkit on Sustainable Finance Taxonomies. It outlines three core elements to facilitate interoperability: 1. Defining Core Taxonomy Activities: Identifying essential sectors and activities for EMDEs with a shared classification system 2. Technical Approaches for Consistent Alignment: Developing standardized alignment methods for taxonomy principles, including environmental, social, and governance (ESG) guidelines 3. Supporting Transition Finance: Establishing guidelines for transition activities to facilitate decarbonization and sustainability in high-emission sectors

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