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UNEP FI, PRI and Climate Bonds Initiative join forces to support taxonomy efforts around the world

UNEP FI, PRI and Climate Bonds Initiative join forces to support taxonomy efforts around the world
27 June 2024: United Nations Environment Programme Finance Initiative (UNEP FI), Climate Bonds Initiative and the Principles for Responsible Investment (PRI) have announced a collaboration to support...

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The United Nations Environment Programme Finance Initiative (UNEP FI), Climate Bonds Initiative, and the Principles for Responsible Investment (PRI) have announced a collaboration to support global interoperability and implementation of sustainable finance taxonomies and other frameworks. The collaboration aims to build consensus on taxonomy definitions and concepts among standard setters, policymakers, and taxonomy users, support the development of taxonomies, and provide tools for implementation. This collaboration will result in the development of a taxonomy resource center which will provide concrete support tools for taxonomy developers and users, facilitate the integration of taxonomies within broader regulatory frameworks, and work with other relevant stakeholders contributing to taxonomy developments to enable private finance for sustainable development to scale up across the globe. The three organizations will support the ongoing development of taxonomies that cover emissions reduction, climate resilience, and other environmental objectives, and the provision of tools that assist interoperability and usability across sustainable finance frameworks. The collaboration will also provide guidance for taxonomy interoperability across jurisdictions. For more information, please visit www.climatebonds.net, www.unpri.org, and Common Framework of Sustainable Finance Taxonomies for Latin America and the Caribbean.

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