The Australian Sustainable Finance Institute (ASFI) welcomes the Government’s decision to co-fund ASFI to lead the development of an Australian sustainable finance taxonomy. The taxonomy will provide a common standard for ‘sustainable’ finance, channelling more capital to support Australia’s climate transition and achieve Australia’s emissions targets.

The announcement follows the release of ASFI’s paper last month “Designing Australia’s sustainable finance taxonomy” which established broad consensus for a science-based, useable and internationally inter-operable taxonomy. ASFI has worked with members and stakeholders across the finance industry, who have made significant contributions to this project since its inception in May 2022.

Further details on the next phase of the taxonomy project are available here.

Read the media release.