This report provides a set of recommendations for the design and development of a Sustainable Finance Taxonomy for Aotearoa New Zealand (‘NZ’ hereafter) developed by an Independent Technical Advisory Group (ITAG) convened by the Centre for Sustainable Finance: Toitū Tahua (CSF). The Climate Bonds Initiative (Climate Bonds) served as a delivery partner for the project and provided technical assistance to the ITAG for the formulation of the recommendations based on the organisation’s experience with other benchmark taxonomies.