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On the occasion of the International Platform for Sustainable Finance (IPSF) Annual Event organised in the EU Pavilion at the COP26, the IPSF published the Common Ground Taxonomy report, along with the IPSF annual report and a report on sustainability disclosures.
In July 2020, the EU and China have initiated a Working Group (WG) on taxonomies co-chaired by both jurisdictions and open to all IPSF members and observers. The WG’s objectives were to undertake a comprehensive assessment of the existing taxonomies for environmentally sustainable activities, including to provide more clarity and transparency about the commonalities and differences in their respective approaches and outcomes. This work has become known as the IPSF “Common Ground Taxonomy”.
The
Common Ground Taxonomy report, published on 4 November at COP26, is a
technical comparison between the EU and China taxonomies. This first
comparison exercise is limited to only some features of the EU Taxonomy,
namely activities that make substantial contribution to climate change
mitigation. We plan to take this important work forward by extending the
comparison to other environmental objectives and eligibility criteria
and to other IPSF partners’ taxonomies.
Download the report:
About IPSF
The International Platform on Sustainable Finance (IPSF) was launched on 18 October 2019. Its members are public authorities in charge of developing environmentally sustainable finance policies in Argentina, Canada, Chile, China, Hong Kong Special Administrative Region of the People’s Republic of China (Hong Kong SAR of PRC), India, Indonesia, Japan, Kenya, Malaysia, Morocco, New Zealand, Norway, Senegal, Singapore, Switzerland, United Kingdom and the European Union.
The International Platform on Sustainable Finance is a forum for dialogue between policymakers, with the overall aim of increasing the amount of private capital being invested in environmentally sustainable investments. The IPSF offers a multilateral forum of dialogue between policymakers that are in charge of developing sustainable finance regulatory measures to help investors identify and seize sustainable investment opportunities that truly contribute to climate and environmental objectives.
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