This article was written by Richard Mazzochi, Minny Siu, Leonie Tear and Claire Potter.
Tackling climate change and biodiversity loss will be key agenda items at the G20 summit in October 2021 and the United Nations climate talks in November 2021. Central to both of these agenda items is the need for quality and comparable data, disclosure and reporting.
There is an urgent need for the financial markets to adopt consistent and transparent classification frameworks of core sustainability principles that can be applied across different jurisdictions and sectors so that regulators, investors and other stakeholders can accurately assess the green credentials of a financial product or portfolio or the green performance of a particular project, fund or company.
In this article, we examine what green taxonomy means, key success factors for green taxonomy, differences in approach to green taxonomy and how key concepts can be mapped.
