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Costa Rica unveils Latin America’s Third Green Taxonomy

Costa Rica unveiled its first green taxonomy, hoping to guide investors toward sustainable projects. The taxonomy was jointly developed by the country’s financial regulators and environment ministry, with the support of the Banco Central de Costa Rica and finance ministry. The UN Environment Programme’s Finance Initiative (UNEP FI) coordinated the process. Similarly to other taxonomies, […]

Creating an Agriculture Taxonomy Template for Effective Categorization

In the field of agriculture, managing and organizing vast amounts of data is crucial for efficient decision-making. Effective categorization through taxonomy plays a vital role in the agriculture industry for several reasons. With a taxonomy in place, users can navigate through vast amounts of agricultural information more efficiently. They can narrow down their search to […]

Climate Taxonomy To Attract Funds To Meet Net Zero Goal

India’s recent budget announced the development of climate taxonomy. This framework will help differentiate economic activities that align with climate and environmental goals, thus harmonizing economic growth with the environment. The taxonomy is expected to bring standardization and a unified approach to structuring financial instruments and capital raising. It could help address greenwashing, too. However, […]

I.AI Develops Taxonomy for AI in Government

The Incubator for Artificial Intelligence (i.AI) has developed a taxonomy for using AI in government. The organization, which works within Britain’s Department for Science, Innovation and Technology, said the classification and naming system is based on user and technical challenges rather than policy areas. This reflects the fact that there are often common solutions for […]

ESMA Releases Opinion on Sustainability Framework

The European Securities and Markets Authority (ESMA) published an opinion on the EU’s Sustainable Finance Regulatory Framework, calling for long-term improvements. The financial markets regulator said that while the framework has implemented safeguards, including regulations against greenwashing, the rules could further evolve to support investors. ESMA has published a set of recommendations to improve the […]

How the EU Taxonomy Impacts Sustainability Reporting

The EU Taxonomy is a pivotal regulation designed to advance the European Green Deal sustainability goals. The EU Taxonomy’s scoping is broadly consistent with the Corporate Sustainability Reporting Directive (CSRD) (i.e., if a company is required to comply with CSRD, they will be required to comply with EU Taxonomy, although the EU Taxonomy may apply […]