Submission on the Australian sustainable finance taxonomy
ASFI, in partnership with the Commonwealth Treasury, is developing an Australian sustainable finance taxonomy.
CA ANZ has provided feedback to the Australian Sustainable Finance Institute on its first round of public consultation on the Australian sustainable finance taxonomy. The consultation outlined draft headline ambitions for the Australian taxonomy’s environmental objectives and draft climate change mitigation criteria for the first three priority sectors under development:
- electricity generation and supply;
- minerals, mining and metals; and
- construction and the built environment.
The development project commenced in July 2023 and a second round of public consultation is scheduled for Q4 of 2024 and will seek further feedback on climate change mitigation for additional industries, a Do No Significant Harm framework, minimum social safeguards and the proposed use cases and rule set, comprising advice for how taxonomy users can demonstrate alignment with the taxonomy.
