The Principles for Taxonomy Interoperability, developed by partners in the Taxonomy Roadmap Initiative, are intended to help countries and regulators design and implement key policy tools—sustainable finance taxonomies—with a set of guiding tenets to ensure that these taxonomies are usable, credible and comparable across borders.
The Principles, launched by partners in the Taxonomy Roadmap Initiative at a Pre-COP30 event in São Paulo, provide guidance to aid sustainable finance taxonomy developers and policymakers in creating, governing and implementing taxonomies, with the aim of supporting financial and non-financial companies in effectively using these taxonomies in their decision-making about environmentally and socially sustainable projects to finance and advance.
Greater implementation of interoperable taxonomies worldwide has the potential to accelerate mobilization of the trillions of dollars in climate finance needed globally to decarbonize, build capacity for climate resilience and adaptation, and meet Paris Agreement targets. Achieving interoperability requires global collaboration with input from emerging and developed market contexts. It is a collective pursuit of a global objective in line with the COP30 Presidency’s call for collaboration as well as leadership from the Global South.