Driving Net-Zero Transition: Our Role in Global Sustainable Finance
Our organization, a key player in sustainable finance, has been actively contributing to global efforts to facilitate the net-zero transition. As an observer of the EU Platform on Sustainable Finance, we advise on its usability and technical screening criteria. Our work extends to supporting the development and interoperability of taxonomies at various levels, from national to global.
We have been instrumental in advancing the understanding of sustainable finance taxonomies among banks, having collaborated with the European Banking Federation from 2019 to 2022. Our expertise is now being leveraged to support the development of national sustainable taxonomies in Brazil, Costa Rica, and Panama. Furthermore, we are developing a Common Framework of Sustainable Finance Taxonomies for Latin America and the Caribbean to facilitate cross-border capital flows.
In the Asia-Pacific region, we are working on a 2025 policy brief that provides an overview of the ASEAN Taxonomy and aligns national taxonomies with its elements. Additionally, a new collaboration is underway to develop a regional adaptation guide for the ASEAN Taxonomy, enhancing its usability and functionality.
Our organization's work in these regions and beyond underscores the critical role that sustainable finance taxonomies play in unlocking capital flows for sustainable development. By promoting these taxonomies, we aim to accelerate the net-zero transition and meet environmental and social objectives globally.
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