Taxonomies in sustainable finance – why are they important?

In this podcast, Nicholas Pfaff (ICMA’s Head of Sustainable Finance) discusses the main highlights of the ICMA’s recent publication ‘Overview and Recommendations of Sustainable Finance Taxonomies’ with ICMA colleagues Ozgur Altun and Yanqing Jia. They cover what taxonomies mean for sustainable finance, approaches taken by major initiatives such as by the EU and China, the interplay of taxonomies with the Green Bond Principles, existing guidance as well as recommended success criteria for new taxonomy initiatives from other jurisdictions.