The Reserve Bank of Fiji, partnering with the International Finance Corporation, held a second consultation workshop to progress Fiji’s Green Finance Taxonomy, intended to provide science-based definitions and a common classification language for green, sustainable and transitional activities. Development of the taxonomy is being overseen by a multi-sector Steering Committee chaired by the Reserve Bank of Fiji Governor and supported by a Technical Working Group, with the International Finance Corporation and the Climate Bonds Initiative acting as technical implementing partners. The initial phase focuses on technical screening criteria for the energy and transport sectors, including “do no significant harm” guidance and minimum social safeguards to support environmental integrity and reduce greenwashing risks; the Reserve Bank of Fiji also reiterated that ongoing stakeholder engagement across government, financial institutions, the private sector and development partners remains central. Next steps include refining the taxonomy based on stakeholder feedback and holding final consultations, with launch expected by the last quarter of 2025. Following launch, the Reserve Bank of Fiji plans to work with stakeholders on a practical implementation plan.
Reserve Bank of Fiji 2025-07-04
Reserve Bank of Fiji convenes second Green Finance Taxonomy consultation workshop and targets launch by last quarter of 2025
The Reserve Bank of Fiji, in collaboration with the International Finance Corporation, is advancing Fiji’s Green Finance Taxonomy to establish science-based definitions for green activities, with a focus on energy and transport sectors. The taxonomy, overseen by a multi-sector Steering Committee, is set for launch by the last quarter of 2025, with ongoing stakeholder engagement and a practical implementation plan to follow.