New classification system will help track green credentials in financial sector

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SA’s first national green finance taxonomy will assist the financial sector’s response to climate change and support sustainable development

After a two-year consultation and development process, SA’s first national Green Finance Taxonomy was launched recently by the Taxonomy Working Group, as part of the Sustainable Finance Initiative, chaired by the Treasury.

The taxonomy will serve as a classification system whereby investors can assess activities and assets that deliver on certain green or climate objectives...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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