The Australian Sustainable Finance Institute held two rounds of public consultation on the development of the Australian sustainable finance taxonomy in 2024.   

About Public Consultation

The purpose of the Australian taxonomy public consultation process was to seek broad-based feedback on whether draft taxonomy criteria were aligned with the key principles of credibility, usability, interoperability and prioritisation for impact.

The second round of public consultation on the development of the initial Australian sustainable finance taxonomy ran from October to November 2024.

Second Public Consultation - October 2024  

In the second round of public consultation, ASFI sought feedback on:

  • the climate change mitigation criteria for all six priority sectors for development;

  • a Do No Significant Harm framework;

  • Minimum Social Safeguards; and

  • ways in which the taxonomy can be used.

Submissions

ASFI received 99 written submissions, including from industry associations, financial institutions, government, civil society and companies. You can access a summary of the feedback received through the second public consultation here.

The first round of public consultation on the development of the initial Australian sustainable finance taxonomy ran from May to June 2024.

First public consultation - June 2024

In the first round of public consultation, ASFI sought feedback on:

  • the draft headline ambitions for the Australian taxonomy’s environmental objectives; and

  • the draft climate change mitigation criteria for the first three priority sectors under development (electricity generation and supply; minerals, mining and metals; and buildings and construction).

Submissions

ASFI received 71 written submissions, including from industry associations, financial institutions, civil society and companies.

You can access a summary of the feedback received through the first public consultation here.

Further reading