ASFI engaged with key stakeholder groups over the course of the Australian taxonomy’s development in a targeted manner consistent with the key principles for engagement and the Australian Taxonomy’s design principles of usability, interoperability, credibility and prioritisation for impact.    

Stakeholder Engagement

On this page

1. Approach to stakeholder engagement

2. Taxonomy Information Forum

3. International Engagement

Approach to Stakeholder Engagement

The purpose of engaging with stakeholders on the Australian Taxonomy’s design and development was to:  

• seek diverse and informed input, including technical input, to optimise taxonomy outputs;  

• ensure stakeholders affected by the taxonomy were properly consulted and given the opportunity to provide input on matters of relevance to them; and  

• socialise the taxonomy with a diversity of stakeholder groups and foster understanding and alignment in relation to its use and objectives. 

The full stakeholder engagement strategy for the Australian taxonomy’s development can be accessed here.

As part of this engagement, ASFI conducted two rounds of public consultation. More information on public consultation can be accessed here.

Key Principles for Engagement

ASFI’s approach to stakeholder engagement was informed by the below principles.  

• Inclusivity: Identifying stakeholders across the financial services sector, non-government organisations (NGOs), academia, the real economy and the public at large; identifying the optimal format and forum to engage with different stakeholders; ensuring accessibility by identifying appropriate structures and mechanisms so that all stakeholders can have their say. 

• Timeliness: Ensuring early, ongoing and timely engagement with stakeholders.   

• Transparency: Committing to publicly disclose who is consulted, who is providing input, what the nature of the input is and how that input is or is not being considered.  

• Respect: Ensuring optimal engagement settings so stakeholder engagement is enhanced and participants feel heard and respected.