Australian Taxonomy Public Consultation

The second public consultation on the Australian taxonomy’s development closed on 1 December 2024. This was the final round of public engagement. Following endorsement by the Taxonomy Technical Expert Group, ASFI delivered the Australian sustainable finance taxonomy to Government on 14 February 2025. We are working with Government on a joint release by mid-2025, as outlined in the Government's Sustainable Finance Roadmap. 

Submissions to the second public consultation and a summary of priority actions arising from the second consultation will be made available on ASFI’s website when the Australian sustainable finance taxonomy is released. Submissions to the first public consultation and a summary of priority actions arising from the first public consultation are available below.

Second Public Consultation  

The Australian Sustainable Finance Institute (ASFI) launched the second and final round of public consultation on the development of the initial Australian sustainable finance taxonomy in 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.

The second round of public consultation closed on 1 December 2024.

Key documents and resources

First public consultation

In June 2024, ASFI launched the first round of public consultation seeking 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

All submissions received through the first round of public consultation were reviewed and assessed according to the taxonomy’s key design principles of credibility, usability, interoperability and prioritisation for impact.

ASFI received 71 written responses, including from industry associations, financial institutions, NGOs and companies. The feedback demonstrated that criteria put forward for the first three priority sectors was credible and broadly usable, with constructive feedback on specific areas where usability can be improved.

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

Further reading

• Approach and key principles for stakeholder engagement

• Taxonomy information forum

• About the Australian taxonomy