The Sustainable Banking and Finance Network published an update on the Taxonomy Roadmap Initiative’s plans, alongside the Sustainable Business COP and the International Development Finance Club, to host a COP30 high-level event in Belém on aligning sustainable finance taxonomies to improve cross-border comparability and support private capital mobilisation for climate and sustainability goals. The release also set out a package of deliverables the initiative intends to showcase, including a progress report, high-level interoperability principles, a taxonomy mapping tool, and a dedicated website. The event, titled “From Baku to Belém: Advancing Taxonomy Interoperability to Catalyse Private Capital Mobilization,” is positioned as building on COP29 outcomes, including a New Collective Quantified Goal to mobilize at least USD 1.3 trillion per year by 2035, with a focus on emerging markets and developing economies. The initiative’s deliverables include an analytical progress report on global taxonomy trends and practices, principles intended to guide taxonomy developers and policymakers through development and implementation, a public-good “Sustainable Finance Taxonomy Mapper” to compare taxonomies across jurisdictions, and an online platform to share resources and coordinate engagement. The Taxonomy Roadmap Initiative, described as a voluntary multi-partner platform launched during COP29, plans to present these outputs through the COP30 session and other COP30-related events.

Original source View in tracker