South Africa has launched its first national Green Finance Taxonomy. Investors, issuers, lenders, and other financial sector participants can track, monitor, and demonstrate the credentials of their green activities confidently and efficiently by leveraging this taxonomy.
The Green Finance Taxonomy ensures that national priorities are reflected while aligning with international trends. It takes account of the model adopted by the European Union and is intended to be a living document, to be updated and expanded over time through a governance process.
The taxonomy’s development has been overseen by a Taxonomy Working Group under South Africa’s Climate Risk Forum, chaired by National Treasury, and hosted by the Banking Association South Africa. Market participants are encouraged to use the taxonomy while further developments are underway.
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