Taxonomies: Different clothes, same cloth?

A green taxonomy is touted as the tool for consistency, coherence, and uniformity, allowing markets to efficiently allocate capital for impact, and investors to have greater transparency of risks and disclosures. But what happens when you're not the only one who wants one? As sustainable investing assets accumulated, so did the number of draft taxonomies to identify and classify them. At a digital EU side-event during COP27 ‘finance day', Ma Jun, president of the Institute of Finance and Sustainability, estimated there to be around 200 green finance taxonomies currently in development by...