Sustainable finance taxonomy for New Zealand
The Government is seeking advice on the design of a taxonomy for sustainable finance.
Investors would be able to use the taxonomy to identify environmentally sustainable activities. This would give them confidence when making investment decisions. This would help us move to a low emissions economy.
The Ministry is working with Toitū Tahua - the Centre for Sustainable Finance on the initiative. Toitū Tahua will collaborate with the finance sector, industry, iwi/Māori, and the scientific community.
Toitū Tahua has set up an independent technical advisory group (ITAG) to provide non-binding advice and recommendations to the Government on the design of the taxonomy.
The ITAG is expected to deliver its final advice by mid-2024.
Find out more about the ITAG and its work [Centre for Sustainable Finance website]