10 months ago

SMU and Global Partners Launch Sustainable Finance Taxonomy Mapper

SMU and Global Partners Launch Sustainable Finance Taxonomy Mapper
SMU and Global Partners Launch World’s First Platform to Align Green Finance Standards · thehindubusinessline.com

Imagine different countries have their own rulebooks for what counts as 'green' money.

These rulebooks can be confusing when people want to invest in green projects across borders.

Singapore Management University (SMU) and other universities and finance experts have created a special online tool called the Sustainable Finance Taxonomy Mapper.

This tool helps compare these different rulebooks, making it easier to understand them.

The goal is to help make it simpler for money to flow to good environmental projects worldwide.

They are also building a network for universities to share information and improve these green finance rules together.

Key facts

Platform Name
Sustainable Finance Taxonomy Mapper
Purpose
Compares and connects sustainable finance taxonomies across countries
Lead Institution
Singapore Management University (SMU)
Key Partners
Dublin City University, University College Dublin, University of Edinburgh, Climate Bonds Initiative, EU Sustainable Finance Advisory Hub, GIZ, Principles for Responsible Investment (PRI), UNEP-FI
Co-funding
European Union and German Federal Ministry for Economic Cooperation and Development (BMZ)
Website
sustainabletaxonomymapper.org

Quotes

Dr Theodor Cojoianu

Associate Professor in Sustainable Finance, SMU

“Our sustainable finance mapper tool and academic network will support policymakers, financial services actors and civil society by providing a data, research tools and education public goods for effective design of sustainable finance policies.”
thehindubusinessline.com

Nathan Fabian

PRI’s chief sustainable systems officer

“The PRI has been engaging with investors on the implementation and use of sustainable finance taxonomies since their early inception. Enhancing the usability and interoperability of sustainable finance taxonomies is crucial to ensure well-functioning financial markets that collectively contribute to climate and broader environmental goals.”
thehindubusinessline.com

Sean Kidney

CEO of the Climate Bonds Initiative

“The world has seen a wonderful explosion of sustainable finance taxonomies - shopping lists for the future. The next step is a tool to navigate seamlessly across them, quickly finding the extensive common ground. That’s what the Taxonomy Mapper is for.”
thehindubusinessline.com

Prof Elvin Lim

Dean, College of Integrative Studies, SMU

“I am delighted that the College of Integrative Studies is fostering impactful international research partnerships on green finance policies. The mapping of green finance taxonomies to facilitate cross-jurisdictional operability is critical work that must be done to foster robust global cooperation on green finance. We are very excited to be a part of this consortium of esteemed institutions to do this impactful work.”
thehindubusinessline.com

Sources

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