CSF is pleased to see the Minister of Climate Change, Hon. Simon Watts, announce at the Responsible Investment Association Australasia Conference on Thursday that the Aotearoa New Zealand Sustainable Finance Taxonomy (NZ Taxonomy) will be expanded.
The draft taxonomy had an initial focus on the agricultural and forestry sectors. This has now expanded to two more priority sectors – first to energy, and then to building and construction.
In energy, where global standards are already well-established, having locally-relevant definitions will support investment to electrify New Zealand.
In construction, there are opportunities to direct capital into retrofitting exiting buildings, such as rooftop solar, as well as building new residential, commercial and public buildings to be warmer, more energy efficient, and more resilient.
The Centre for Sustainable Finance is an independent charitable trust that provides the secretariat function for the NZ Taxonomy development.
Expressions of interest: Energy Sector Technical Advisory Group (TAG)
The TAG plays a critical role in developing technical screening criteria for a sustainable finance taxonomy that is fit-for-purpose for Aotearoa New Zealand.
Experts in energy and climate are encouraged to submit expressions of interest to join the TAG.
