The growth of taxonomy development has flourished globally, with major advancements seen in Asia, particularly in China with the creation of three innovative taxonomies. Other regions such as Australia, South Africa, and South America have also seen substantial progress in this field. However, North America has yet to fully embrace the concept. This pathway will provide a comprehensive overview of the current state of taxonomy development across the various jurisdictions, highlighting both their achievements and the challenges they have faced in implementing these systems.
Regulation and Initiatives
Watch all the videos and pass the test to obtain a certificate showing your completion of this Pathway. Certificates can be shared directly to your LinkedIn profile and social media accounts.
5 video modules • 48 minutes
In the second of two videos, Dr Ma Jun outlines some of the key international initiatives driving sustainable finance. He outlines the work being undertaken by the G20, the NGFS as well as the IPSF, who are working on establishing a common ground taxonomy.
Ma Jun • 10:07
In this first video, Dr Ma Jun uses a framework to describe the development of sustainable finance in Asia. He starts by outlining the development of various sustainable finance taxonomies, before moving on to discuss changes in disclosure and reporting of sustainable activities. He then discusses why incentives are required to finance sustainable activities, before finishing up by discussing some of the risks to the market as well as some of the newest sustainable finance product development.
Ma Jun • 10:34
In this video, Keith covers some prominent Asian developments in ESG taxonomies. A number of Asian countries have moved forward with these taxonomies, including China, Japan, Singapore, Malaysia, Indonesia, South Korea, Mongolia, and Bangladesh. Each initiative is at a different stage, but by the end of this video, you will have a general idea about the direction of travel. Keith focuses on China and Japan in particular, discussing their specific goals, strategies, and implementation processes for their taxonomies. From China's Green Bond Endorsed Projects Catalogue to Japan's focus on transition finance and decarbonising electricity, this video provides a comprehensive overview of the progress being made in Asia towards sustainable finance and net-zero emissions.
Keith Mullin • 11:54
In this video, Keith looks at the developments of ESG taxonomies in the Americas. He focuses on the US and Canada, discussing the challenges they face in developing a taxonomy and the lack of progress in comparison to other countries in the region such as Colombia, Brazil, Chile, and Mexico. He also looks at the challenges Canada faced in its attempts to work on a transition taxonomy through its private sector and the lack of consensus among committee members. This video will provide an overview of the challenges and obstacles faced by the US and Canada in their efforts to address climate change and promote sustainable finance.
Keith Mullin • 08:10
This video will delve into the ESG taxonomies of Australia and South Africa. Jon Keith as he discusses the current status of their initiatives, the goals and objectives, and the implementation process. He also covers the private sector-led Australian Sustainable Finance Roadmap and its 2022 priority of developing a taxonomy and the launch of the first phase of South Africa’s Green Finance Taxonomy, which is part of the country’s Sustainable Finance Initiative and was drafted in response to recommendations made by the National Treasury.
Keith Mullin • 08:04