PMDR Summary
PMDR Summary
The PMDR Summary provides a brief introduction of the PMDR guidance. In addition to a consolidated overview of the Roadmap’s main features, this deck highlights key benefits, primary use cases as well as key learnings. It also includes deep-dives into core concepts and asset-class specific considerations.
Taxonomies
Taxonomies
Over 30 countries are currently developing or implementing a sustainable finance taxonomy. These include most of the G7 and G20 countries as well as many developing economies. A non-exhaustive, constantly evolving list of international and country-specific taxonomies can be found below, to be used for classifying (Emerging) Decarbonization Enablers, as laid out in the Roadmap.
Relevant Taxonomies
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Taxonomy in place
Taxonomy in place
Geography
Decarbonization Enabler
Taxonomy for Sustainable Finance ASEAN countries Provides assessment approaches (p.34) and activity classification criteria (p.45) Bangladesh Taxonomy Bangladesh Provides a list of "Green Products, Projects and Initiatives" (p.30) Brazil Taxonomy Brazil First version of taxonomy to be released in late autumn 2024 Green Bond Endorsed Projects Catalogue China Provides activities for 6 Sectors, but activities require further justification of relation to decarb. Green Taxonomy Colombia Lists qualifying activities in selected key sectors in Chapter 3 Dominican Republic Taxonomy Dominican Republic List of qualifying activities provided (p.56 and following), (available in Spanish only) Sustainable Finance Taxonomy European Union (EU) See "mitigating activities" Georgia Taxonomy Georgia Provides activities and taxonomies mapping (p.15) and sector breakdown in appendix (p.19) Hong Kong Taxonomy Hong Kong n/a Indonesia Taxonomy Indonesia Provides a list of business activity classifications (p.31) Joint Report on Multilateral Development Banks’ Climate Finance International Provides a comprehensive list of eligible activities with screening criteria and activity-specific guidance (Annex C.3.) International Platform on Sustainable Finance Common Ground Taxonomy International (19 members) n/a (initiative is a multilateral forum for facilitating exchanges) Kazakhstan Taxonomy Kazakhstan Provides classification of green projects eligible for financing through green bonds and green loans K-Taxonomy on Green Industries Korea (Republic of) Classifies economic activities into “Green Sector-” and “Transition Sector”-activities, (available in Korean only) Common Framework for Sust. Finance Taxonomies for Latin America and the Caribbean Latin American & Caribbean countries n/a (overarching framework that serves as catalyst for progress towards sustainable finance implementation across LAC member states) Malaysia Taxonomy Malaysia Provides assessment criteria (p.19) and of activities that generally meet criteria in Appendix 3 (p.39) Mexican Sustainability Taxonomy Mexico Detailed sector- and activity view provided (p.51) and following, (available in Spanish only) Mongolian Green Taxonomy Mongolia Provides list by sub-sector and technology (p.11) Nepal Nepal n/a Panama Taxonomy Panama Detailed sector- and activity breakdown provided in Chapter 2, (available in Spanish only) Philippines Taxonomy Philippines Includes non-exhaustive list of potentially eligible projects or activities on (p.76 and following) Russian Federation Taxonomy Russian Federation n/a (available in Russian only) Singaporean Taxonomy Singapore Provides detailed sector- and activity breakdown, however, requires manual assessment based on outlined criteria Green Finance Taxonomy South Africa Use activities listed under Section 6 (p.41) Sri Lanka Taxonomy Sri Lanka Provides macro-sectors and activities. Announced incoming update to the existing taxonomy after agreeing on a deal with the World Bank’s International Finance Corporation (IFC) to receive financial and technical assistance Taiwan Sustainable Taxonomy Taiwan Includes list of "Forward-Looking Economic Activities (FLEAs)" (p.20 and following) Thailand Taxonomy (Phase 1) Thailand Overview of activities’ thresholds and criteria (p.39 and following) -
Taxonomy in development
Taxonomy in development
Geography
Decarbonization Enabler
Australia Taxonomy Australia n/a, in development Canadian taxonomy roadmap Canada n/a, in development India Taxonomy India n/a, in development Kyrgyzstan Taxonomy Kyrgyzstan n/a, in development New Zealand Taxonomy New Zealand n/a, in development UK provisional taxonomy United Kingdom n/a, in development Vietnam Taxonomy Vietnam n/a, in development -
Taxonomy under consideration
Taxonomy under consideration
Geography
Decarbonization Enabler
Egypt Taxonomy Egypt n/a, taxonomy under consideration