ASFI undertook taxonomy scoping work from early 2022 until 30 June 2023. This work focused on key framework design elements for an Australian sustainable finance taxonomy. It was funded and led by industry, in close collaboration with government and regulators.
Research and Scoping
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ASFI Taxonomy Scoping Project
Following its establishment in 2021, the Australian Sustainable Finance Institute (ASFI) identified the development of an Australian sustainable finance taxonomy as an immediate, strategic priority for Australia.
Between June 2022 and July 2023, ASFI undertook a taxonomy scoping project. The scoping project was industry funded and led, with engagement from government and regulators. This phase of work focused on the key framework design elements for an Australian sustainable finance taxonomy. Deliverables included:
A scoping paper of international taxonomies, released in October 2022, which analysed Australia’s economic and environmental context, key international taxonomies, and implications for taxonomy development in Australia.
A recommendations paper on the key design elements for an Australian taxonomy finalised in March 2023.
Analysis and case studies to inform the methodology for integrating transition activities in an Australian taxonomy, published in July 2023.
ASFI worked with a Technical Advisory Group (TAG) and broader stakeholders to inform the taxonomy scoping project deliverables. The TAG comprised 56 members and observers from across the finance sector, including from banking, consulting, superannuation, asset management, private equity, ESG market specialists, academics, and international taxonomy experts, as well as key financial industry peaks and Australian governments and regulators.
Additionally, ASFI collaborated with jurisdictions across the region and in Europe and North America and engaged in ongoing conversations with them to share information, approaches and lessons learned.
Resources
Webinar: Key design elements for an Australian sustainable finance taxonomy
To learn more about the key design elements for an Australian sustainable finance taxonomy, tune in to our public webinar.
As part of ASFI’s taxonomy scoping project, we hosted a series of webinars on international taxonomies.
Scoping Project International Taxonomy Engagement
The ASFI taxonomy scoping project built on work done on sustainable finance taxonomies internationally to ensure international credibility and inter-operability, while reflecting the Australian economy and context.
This webinar series showcased international developments in sustainable finance taxonomies and provided an opportunity to share expertise and experiences.
Project proudly sponsored by our generous funders
