Expanding the South African green finance taxonomy and embedding its use

This project will undertake critically important work to expand the country’s Green Finance Taxonomy (GFT) to a Sustainable Finance Taxonomy (SFT) and begin to embed it amongst key stakeholders. The sustainable finance taxonomy is an essential tool that will help economic actors allocate capital in a way that is more consistent with the vision for a development-focused, climate-resilient economy.

“The project offers a way to tie the financial sector back to the real economy by providing a clear set of definitions for what “counts” towards sustainability in South Africa.”

- Steve Nicholls, Head of Environment, NBI