A Taxonomy of Sustainable Finance Activities

The Bank for International Settlements (‘BIS’) developed a framework to classify and compare existing sustainable taxonomies to support the achievement of the Paris Accord and the United Nations Sustainable Development Goals (‘UN SDGs’).

Key Recommended Features of Taxonomies:

  • Correspond to specific sustainability objectives
  • Encourage development of transition taxonomies align with the Paris Agreement
  • Facilitate monitoring and supervision of the evolution of certification and verification processes
  • Direct a shift to mandatory impact reporting for green bonds

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