Common Framework of Sustainable Finance Taxonomies for Latin America and the Caribbean

The "Common Framework for Sustainable Finance Taxonomies for Latin America and the Caribbean" is available for download on the Euroclima website. The document aims to accelerate progress towards the unification and strengthening of national sustainable finance taxonomies in the region.

The "Common Framework for Taxonomies in LAC" stands as a catalyst to drive progress in the implementation of sustainable finance, providing Latin American and Caribbean member states with a regional alignment approach. This, in turn, will unlock opportunities and financing for long-term value creation, shared prosperity, and sustainable development in the region. The guiding principles established ensure that the taxonomies are grounded in science, facilitating a credible transition from high-emission sectors to net-zero emissions by 2050, and enhancing adaptability and resilience across all areas.

International cooperation plays a crucial role in promoting regional and international interoperability of taxonomies. In this regard, the "Common Framework for Taxonomies in LAC" will be a valuable resource for governments and other entities in the region, facilitating the formulation of interoperable sustainable finance taxonomies with technical assistance provided by the Working Group on Sustainable Finance Taxonomies for Latin America and the Caribbean.

The Common Framework was funded by the European Union through the EUROCLIMA+ Program and was technically developed through the joint effort of the Working Group on Sustainable Finance Taxonomies for Latin America and the Caribbean. This group, composed of various international agencies and organizations, is committed to promoting sustainable development in the region. Their work significantly contributes to aligning the efforts of Latin America and the Caribbean with global sustainability goals.

Those interested in accessing the full document can download it from the following link: Common Framework for Taxonomies in LAC.