World of Taxonomies

1. Information Sources 
   The information provided in this map is based on publicly available information.
2. Environmental Objectives 
   The environmental objectives listed in this map refer to a substantial contribution, as defined by each taxonomy. 

3. Climate Bonds’ Involvement in Taxonomy Development Processes 
   This iteration includes taxonomies in which Climate Bonds has been involved. The mention of Climate Bonds Initiative as having contributed to the development of a national or regional sustainable finance taxonomy refers strictly to the nature and scope of its engagement. Involvement may include, but is not limited to, technical, advisory, member, or observer roles. 

   Such roles do not imply ownership, formal endorsement, or responsibility for the final content of the taxonomy unless explicitly stated. The final decisions regarding the structure, content, and publication of each taxonomy rest with the national authorities and governing institutions responsible for its development. 

   A broader mapping and summary of all taxonomy development efforts—both published and ongoing—at the global level will be made publicly available in due course. 

4. Territorial Disputes 
   This map may include regions subject to territorial disputes. Climate Bonds Initiative has no opinion on the validity of any such territorial claims, and the representation is for informational purposes only.
5. Map Display 
   This map is hosted on Google Maps. Please note that the way certain territories and boundaries are displayed may vary depending on the region from which the map is accessed. Climate Bonds Initiative has no influence over these differences. 

6. Publication and Update 

   Last publication: 08 October 2025

   Last update on: 09 October 2025

Albania is preparing to develop a national taxonomy to classify sustainable activities and align with EU approaches. Work has not yet started, but it is anticipated to begin soon, focusing on technical screening criteria development.

i. Climate Bonds' involvement: Technical advisory (technical screening criteria development)
ii. Leading institutions, partners: Bank of Albania
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation

• Minimum social safeguards: Yes (aligned with EU)

iv. Sectors: TBC
v. Publication: —

The ASEAN Taxonomy provides a regional framework to promote sustainable finance, harmonising approaches across ASEAN member states.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: ASEAN Taxonomy Board, ASEAN Capital Markets Forum
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Protection of healthy ecosystems and biodiversity

4. Transition to a circular economy

    

iv. Sectors:
Cross-sectoral framework applied regionally, covering energy, transport, agriculture, waste management, industry, and construction

v. Publication: ASEAN Taxonomy for Sustainable Finance

Australia has developed a green taxonomy to guide sustainable finance and align financial flows with national climate and sustainability goals.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Australian Sustainable Finance Institute
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Sustainable use and protection of water and marine resources
4. Transition to a circular economy
5. Pollution prevention and control
6. Protection and restoration of biodiversity and ecosystems

iv. Sectors:
a. Agriculture and land
b. Minerals, mining and metals
c. Manufacturing and industry
d. Electricity generation and supply
e. Construction and buildings
f. Transport

v. Publication: Australia Sustainable Finance Taxonomy

Brazil is developing its Green Taxonomy to provide a science-based framework for sustainable finance, aligning investments with national climate goals and supporting the country’s low-carbon transition. The first phase is expected to launch in H2 2025.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Ministry of Finance of Brazil
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Adaptation to climate change
3. Protection and restoration of biodiversity and ecosystems
4. Conservation, sustainable management and use of soil and forests
5. Sustainable use and protection of water and marine resources
6. Transition to a circular economy

7. Contamination prevention and control

    

iv. Sectors: 

a. Agriculture, Livestock, Forest Production, Fishing and Aquaculture
b. Extractive Industries
c. Manufacturing
d. Electricity and Gas
e. Water, Sewage, Waste Management Activities and Decontamination
f. Construction
g. Transportation, Storage and Mail
h. Social services (urben planning, ICT, tourism)

v. Publication: —

Cambodia is preparing its Green Taxonomy to guide sustainable finance in line with climate goals.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: National Bank of Cambodia
iii. Objectives (including DNSH): Climate change mitigation (others in development)
iv. Sectors:
       a. Energy
       b. Transport
       c. Buildings
v. Publication: —

Chile has developed its Green Taxonomy to guide sustainable finance and align financial flows with national climate and sustainability goals.

i. Climate Bonds' involvement: Observer
ii. Leading institutions, partners: Ministry of Finance of Chile
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Sustainable use and protection of water and marine resources
4. Transition to a circular economy
5. Pollution prevention and control
6. Protection and restoration of biodiversity and ecosystems

iv. Sectors:
a. Agriculture, livestock, forestry, fishing, and aquaculture
b. Mining and quarrying
c. Manufacturing industries
d. Electricity, gas, steam, and air conditioning supply
e. Water supply, wastewater disposal, waste management, remediation
f. Construction
g. Transport and storage
h. Real estate activities

v. Publication: Sistema de Clasificación o Taxonomía de Actividades Económicas Medioambientalmente Sostenibles de Chile (T-MAS)

China’s Green Finance Catalogue establishes unified standards for defining green projects and activities, providing guidance for investors and issuers.

i. Climate Bonds' involvement: Observer
ii. Leading institutions, partners: People’s Bank of China (PBOC)
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Transition to a circular economy
4. Pollution prevention and control

5. Protection and restoration of biodiversity and ecosystems 

    

iv. Sectors:
a. Energy saving and carbon reduction industries
b. Environmental protection
c. Resource recycling
d. Green and low-carbon energy transformation
e. Ecological protection, restoration and utilization
f. Green upgrade of infrastructure
g. Green services 

v. Publication: China Catalogue

Colombia launched its Green Taxonomy to guide sustainable investments, foster green growth, and contribute to national climate goals.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Ministry of Finance and Public Credit of Colombia
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Sustainable use and protection of water and marine resources
4. Transition to a circular economy
5. Pollution prevention and control

6. Protection and restoration of biodiversity and ecosystems

    

iv. Sectors:
a. Energy
b. Construction
c. Waste management and emissions capture
d. Water supply and treatment
e. Transportation
f. Information and communications technologies
g. Manufacturing

v. Publication: Taxonomía Verde de Colombia

Costa Rica’s Green Taxonomy was developed to mobilise sustainable investments and support the country’s decarbonisation strategy.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Ministry of Environment and Energy (MINAE)
iii. Objectives (including DNSH):

1. Climate change mitigation

2. Climate change adaptation

    

iv. Sectors:
a. Electricity, gas, steam, and air conditioning supply
b. Transport
c. Transportation
d. Manufacturing
e. Solid waste and emissions capture
f. Water supply and treatment
g. Information and communication technologies

v. Publication: Taxonomía de Finanzas Sostenibles Costa Rica

The EU Taxonomy is one of the most comprehensive classification systems for sustainable economic activities, serving as a reference for global markets.

i. Climate Bonds' involvement: Member 
ii. Leading institutions, partners: European Commission, European Banking Authority, Technical Expert Group (TEG)
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Sustainable use and protection of water and marine resources
4. Transition to a circular economy
5. Pollution prevention and control

6. Protection and restoration of biodiversity and ecosystems

    

iv. Sectors:
Broad cross-economy coverage, including energy, transport, agriculture, forestry, construction, waste management, ICT, and manufacturing

v. Publication: EU Taxonomy

Fiji is working on a Green Taxonomy to direct investments into climate-resilient and low-carbon projects.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Reserve Bank of Fiji
iii. Objectives (including DNSH):

• Climate change mitigation
   

iv. Sectors:
a. Energy
b. Transport

v. Publication: —

Ghana is developing  its Green Taxonomy to mobilise sustainable finance and strengthen climate resilience.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Ministry of Finance of Ghana
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Environmental protection
4. Resource Efficiency

5. Pollution Prevention

    

iv. Sectors:
a. Energy
b. Transportation
c. Agriculture

v. Publication: Ghana draft

Hong Kong has been developing  a green taxonomy to guide sustainable finance and align financial flows with national climate and sustainability goals.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Hong Kong Monetary Authority (HKMA)
iii. Objectives (including DNSH):

1. Climate change mitigation

2. Climate change adaptation

    

iv. Sectors:
a. Energy
b. Transportation
c. Construction
d. Manufacturing
e. ICT
f. Waste
g. Water

v. Publication: Hong Kong Taxonomy Phase 1 

Description
India is developing a national Green Taxonomy to define sustainable activities and mobilise green capital.

i. Climate Bonds' involvement: Member
ii. Leading institutions, partners: Ministry of Finance, Government of India
iii. Objectives (including DNSH): – 

iv. Sectors:
          a. Mobility
          b. Building
          c. Agriculture, Food & Water
          d. Energy
          e. ICT

v. Publication: —

Indonesia’s Green Taxonomy provides a classification system for sustainable economic activities, supporting the government’s sustainable finance roadmap.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Otoritas Jasa Keuangan (OJK)
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Transition to a circular economy

4. Protection and restoration of biodiversity and ecosystems

    

iv. Sectors:
a. Energy
b. Construction and real estate
c. Transportation and storage
d. Agriculture, forestry and other land uses

v. Publication: Indonesia publication

The International Platform on Sustainable Finance (IPSF) Common Ground Taxonomy (CGT) maps commonalities between the EU and China taxonomies to enhance international comparability.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: International Platform on Sustainable Finance (IPSF)
iii. Objectives (including DNSH):

• Bilateral EU-China CGT:
  1. Climate change mitigation
  2. Pollution prevention and control
  3. Sustainable use and protection of water and marine resources
  4. Biodiversity and ecosystem protection
  5. Circular economy
• Multilateral CGT:

  1. Climate change mitigation

      

iv. Sectors:
a. Agriculture and forestry
b. Manufacturing
c. Energy
d. Water and waste
e. Construction
f. Transport
g. Professional services
h. ICT
i. Environmental protection and restoration

v. Publication: International Platform on Sustainable Finance Common Ground Taxonomy (IPSF CGT)

Kazakhstan has introduced a Green Taxonomy to support the alignment of financial markets with the country’s sustainable development and decarbonisation pathway.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Astana International Financial Centre (AIFC)
iii. Objectives (including DNSH):

1. Climate change mitigation

iv. Sectors:
a. Renewable energy
b. Energy efficiency
c. Green buildings
d. Pollution prevention and control
e. Sustainable use of water, waste
f. Agriculture
g. Transportantion
h. Transitional energy

v. Publication: Kazakhstan Taxonomy

The LAC Common Framework of Taxonomies sets out shared principles and approaches to support taxonomy development across Latin America and the Caribbean.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: —
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Sustainable use and protection of water and marine resources
4. Transition to a circular economy
5. Pollution prevention and control
6. Protection and restoration of biodiversity and ecosystems

7. Soil management

    

iv. Sectors:
a. Manufacturing
b. Transportation and storage
c. Construction and real estate activities
d. Agriculture, forestry, and fishing
e. Electricity, gas, steam, and air conditioning supply
f. Water supply; sewerage, waste management and remediation activities

v. Publication: Common Framework for Sustainable Finance Taxonomies for Latin America and the Caribbean (LAC)

Laos is developing its Green Taxonomy to align finance with sustainability and ASEAN commitments.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Bank of Lao P.D.R
iii. Objectives (including DNSH): Climate change mitigation
iv. Sectors:
a. Energy
b. Transport
c. Agriculture

v. Publication: —

Malaysia has developed a green taxonomy to guide sustainable finance and align financial flows with national climate and sustainability goals.

i. Climate Bonds' involvement: Observer
ii. Leading institutions, partners: Bank Negara Malaysia
iii. Objectives (including DNSH):

1. Climate change mitigation

2. Climate change adaptation

    

iv. Sectors:
a. Renewable energy
b. Energy efficiency
c. Transport
d. Building
e. Manufacturing
f. Waste
g. Forestry

v. Publication: Malaysia's Climate Change and Principle-based Taxonomy (CCPT) 

Mexico’s Green Taxonomy is designed to channel investments toward sustainable activities in line with the country’s climate goals and Paris Agreement commitments.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Mexico Secretaría de Hacienda y Crédito Público (SHCP)
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Sustainable use and protection of water and marine resources
4. Transition to a circular economy
5. Pollution prevention and control
6. Protection and restoration of biodiversity and ecosystems

7. Climate change adaptation

    

iv. Sectors:
a. Energy
b. Transport
c. Agriculture
d. Waste management
e. Construction
f. manufacturing 

v. Publication: Taxonomía Sostenible de México

Mongolia’s Green Taxonomy helps integrate sustainability principles into financial flows, supporting a green economic transition.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Mongolian Bankers Association, Ministry of Environment
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Pollution prevention and control
4. Resource conservation

5. Livelihood improvement

    

iv. Sectors:
a. Renewable energy
b. Energy efficiency
c. Green buildings
d. Pollution prevention and control
e. Sustainable water and waste use
f. Sustainable agriculture, land use, forestry, biodiversity conservation & eco-tourism
g. Transportantion

v. Publication: Mongolian Green Taxonomy

Description
New Zealand is working on a Green Taxonomy to guide sustainable investment.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Ministry for the Environment (New Zealand)
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Sustainable Use and Protection of Water and Marine Resources
4. Transition to a Circular Economy
5. Pollution Prevention and Control
6. Protection and Restoration of Biodiversity and Ecosystems
    

iv. Sectors:
a. Agriculture
b. Forestry

v. Publication: —

Panama has developed a green taxonomy to guide sustainable finance and align financial flows with national climate and sustainability goals.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners:

• Superintendency of Banks of Panama (SBP)
• Superintendency of the Securities Market (SMV)
• Superintendency of Insurance and Reinsurance of Panama (SSRP)
• Sustainable Finance Working Group (GTFS)
  In collaboration with the Ministry of Environment (MiAmbiente) and the Ministry of Economy and Finance (MEF).

iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Sustainable use and protection of water and marine resources
4. Transition to a circular economy
5. Pollution prevention and control
6. Protection and restoration of biodiversity and ecosystems
7. Land management
    

iv. Sectors:
a. Agriculture, livestock, and forestry
b. Water supply and treatment
c. Manufacturing
d. Waste management and emissions capture
e. Electricity, gas, steam, and air conditioning supply
f. Construction
g. Transportation
h. Information and communications technology
i. Financial and insurance activities

v. Publication: La Taxonomía de Finanzas Sostenibles de Panamá

Papua New Guinea is preparing a Green Taxonomy to enable sustainable finance in line with its climate priorities.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Bank of Papua New Guinea
iii. Objectives (including DNSH): draft exists but no final criteria yet
iv. Sectors: 10 thematic areas identified (draft – not yet sector-specific)
v. Publication: —

Peru is developing a Green Taxonomy to define sustainable activities and attract climate finance.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Ministry of Economy and Finance of Peru
iii. Objectives (including DNSH): 

1. Climate change mitigation
2. Conservation of ecosystems and biodiversity
3. Water management
4. Pollution prevention and control
5. Circular economy
6. A&R to climate change 

iv. Sectors: 
a. construction
b.energy
c. agriculture, 
d. forestry, 
e. water and sanitation
f. fishing and aquaculture
g. transportation
h. manufacturing, and 
i. information and communication technologies (ICT)

v. Publication: —

The Philippines Green Taxonomy provides guidance for sustainable finance, aligning financial decisions with environmental and climate goals.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Bangko Sentral ng Pilipinas (BSP), Securities and Exchange Commission (SEC)
iii. Objectives (including DNSH):

1. Climate change mitigation

2. Climate change adaptation

    

iv. Sectors:
a. Agriculture, forestry, and fishing
b. Manufacturing
c. Electricity, gas, steam, and air conditioning supply
d. Transportation and storage
e. Construction and real estate activities
f. Water supply; sewerage, waste management and remediation

v. Publication: Philippine Sustainable Finance Taxonomy Guidelines (SFTG)

Russia has developed a green taxonomy to guide sustainable finance and align financial flows with national climate and sustainability goals.

i. Climate Bonds' involvement: Observer
ii. Leading institutions, partners: VEB.RF (State Development Corporation)
iii. Objectives (including DNSH):

1. Climate change mitigation
    

iv. Sectors:
a. Waste management
b. Energy
c. Construction
d. Manufacturing
e. Transport and industrial machinery
f. Agriculture

v. Publication: Russia Green Taxonomy

Rwanda has developed a green taxonomy to guide sustainable finance and align financial flows with national climate and sustainability goals.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Ministry of Finance and Economic Planning
iii. Objectives (including DNSH):

1. Climate change mitigation

2. Climate change adaptation

    

iv. Sectors:
a. Energy
b. Transport
c. Construction
d. Manufacturing
e. ICT
f. Waste management and remediation
g. Water supply and sanitation
h. Environmental protection and restoration
i. Community services
j. Agriculture and livestock

v. Publication: Rwanda Green Taxonomy

Senegal is developing its Green Taxonomy to mobilise sustainable investment and align financial flows with national climate and environmental priorities.

i. Climate Bonds' involvement: Technical advisory (technical development)
ii. Leading institutions, partners: Ministère de l’Environnement et de la Transition Écologique, with support from GIZ
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
    

iv. Sectors:
a. Agriculture (including fishing and forestry)
b. Energy
c. Industry
d. Water and waste management
e. Transport
f. Buildings (to be confirmed)

v. Publication: —

Singapore’s Green Taxonomy was launched to provide a science-based classification for sustainable economic activities, supporting its role as a green finance hub.

i. Climate Bonds' involvement: Observer
ii. Leading institutions, partners: Monetary Authority of Singapore (MAS), Green Finance Industry Taskforce
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Sustainable use and protection of water and marine resources
4. Transition to a circular economy
5. Pollution prevention and control

6. Protection and restoration of biodiversity and ecosystems

    

iv. Sectors:
a. Energy
b. Transport
c. Buildings and real estate
d. Agriculture and forestry
e. Waste management

v. Publication: Singapore-Asia Taxonomy for Sustainable Finance

South Africa’s Green Finance Taxonomy establishes a framework for sustainable investments and supports the transition to a low-carbon, climate-resilient economy.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: National Treasury of South Africa, IFC
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Sustainable use and protection of water and marine resources
4. Transition to a circular economy
5. Pollution prevention and control

6. Protection and restoration of biodiversity and ecosystems 

    

iv. Sectors:
a. Energy
b. Transport
c. Agriculture and forestry
d. Waste management
e. Construction and real estate

v. Publication: South African Green Finance Taxonomy

Sri Lanka has developed a Green Finance Taxonomy to direct capital towards environmentally sustainable projects in line with its climate strategies.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Central Bank of Sri Lanka (CBSL)
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Sustainable use and protection of water and marine resources
4. Transition to a circular economy
5. Pollution prevention and control

6. Protection and restoration of biodiversity and ecosystems 

    

iv. Sectors:
a. Energy
b. Agriculture and forestry
c. Waste management
d. Transport
e. Construction and real estate

v. Publication: Sri Lanka Green Finance Taxonomy

Thailand launched its Green Taxonomy to standardise definitions of green activities and accelerate sustainable investments.

i. Climate Bonds' involvement: Technical advisory
ii. Leading institutions, partners: Bank of Thailand, Securities and Exchange Commission of Thailand
iii. Objectives (including DNSH):

1. Climate change mitigation
2. Climate change adaptation
3. Sustainable use and protection of water and marine resources
4. Transition to a circular economy
5. Pollution prevention and control

6. Protection and restoration of biodiversity and ecosystems

    

iv. Sectors:
a. Energy
b. Transport
c. Agriculture and forestry
d. Waste management
e. Construction and buildings

v. Publication: Thailand Taxonomy