The Reserve Bank of Fiji has launched Fiji’s first Green Finance Taxonomy, a framework intended to classify environmentally sustainable economic activities and provide a common reference point for climate aligned financing. Developed in partnership with the International Finance Corporation and the Climate Bonds Initiative, the taxonomy is positioned as a tool to support capital mobilisation and reduce greenwashing risk through clearer definitions and criteria. Version 1.0 prioritises climate change mitigation, initially focusing on the energy and transport sectors. Eligible activities are assessed against technical screening criteria and social safeguards, including a requirement to substantially contribute to climate objectives while doing no significant harm to other environmental priorities. The framework is also intended to support disclosure and measurement, including linkage with Fiji’s Measurement, Reporting and Verification system. The taxonomy is designed to be reviewed within 2 to 3 years, and the Reserve Bank of Fiji plans capacity building and awareness raising across targeted institutions to support implementation.
Reserve Bank of Fiji 2025-12-11
Reserve Bank of Fiji launches Fiji’s first Green Finance Taxonomy to guide climate aligned investment
The Reserve Bank of Fiji, in collaboration with the International Finance Corporation and the Climate Bonds Initiative, has launched Fiji’s first Green Finance Taxonomy to classify environmentally sustainable activities and mitigate greenwashing. Version 1.0 focuses on climate change mitigation in the energy and transport sectors, with plans for review in 2 to 3 years and initiatives for capacity building and awareness.