Chile's Ministry of Finance, through Sustainable Finance Office head María Paz Gutiérrez, updated market participants on the development of the Taxonomy of Environmentally Sustainable Economic Activities (T-MAS) and the 2025 work programme intended to move from the draft presented earlier in the year to a final document that can be implemented. The taxonomy was presented as a tool to mobilise financing and reduce greenwashing risk by providing a common, comparable framework for identifying environmentally sustainable economic activities. Implementation support is planned through five consultancies running through 2025. These include a programme focused on the productive sector, with sector-specific workshops using hypothetical cases to walk firms through the step-by-step alignment assessment, as well as workstreams to support public-sector integration into policies and institutional processes, build a digital platform enabling companies and institutions to self-assess alignment, and conduct a comparative analysis between the Chilean and European Union taxonomies to identify similarities, differences and interoperability opportunities. Gutiérrez also indicated that, depending on the use case, implementation for real-economy entities could involve requests for the share of CAPEX, OPEX or revenue aligned with the taxonomy, including for sustainable debt issuance. Gutiérrez said the ministry aimed to define the final T-MAS document in May, and noted that EU experience would be important in executing a pilot in four or five banking entities as part of the financial-sector rollout.

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