How sustainable taxonomies are going global
All Things Sustainable
The Taxonomy
Tax economies have to be developed according to local situations maybe. So how do we accommodate for these differences? I think that that's a job for governments to do. They're well recognized processes to do that. The same principles can be applied for the new thing, which is the taxonomy.
Taxonomies: This is a topic that has dominated many conversations in the sustainability world in recent years. In this episode of the ESG Insider podcast, we explore the growing number of taxonomies around the world.
In simple terms, a taxonomy is a kind of dictionary of sustainable activities designed to provide clarity on which economic activities are sustainable and to support investment flows into those activities. A recently released report from international conservation organization WWF and German sustainable finance think tank Climate & Company finds dozens of sustainable finance taxonomies have been introduced or are being developed across the globe.
To learn more about the role of taxonomies, we speak to two of the report’s authors: Jochen Krimphoff, who is Data, Tools and Methodology Lead for WWF's Greening Financial Regulation Initiative, and Climate & Co. Analyst Daniel Scharwies. We also talk with Matthew Townsend, Co-Head of the International Environmental, Climate and Regulatory Law Groups at law firm Allen & Overy.
Read the report from WWF and Climate & Co. here: https://wwfin.awsassets.panda.org/downloads/when_finance_talks_nature.pdf
We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall (lindsey.hall@spglobal.com) and Esther Whieldon (esther.whieldon@spglobal.com).
*Episode description updated Feb. 13, 2023, to correct the title of Climate & Company.
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