On 19 August, a webinar explored how AFI members are using taxonomies which provide clear definitions of green investments to address climate vulnerabilities, and guide financial institutions towards sustainable investments. 

“Green finance taxonomies are an essential step in aligning our financial systems with national priorities and global climate goals,” said AFI Senior Policy Manager, Laura Ramos. “Identifying and classifying green and sustainable economic activities helps guide financial flows, improve transparency, and reduce the risk of greennwashing. They can enhance market integrity, and ensure that climate finance reaches vulnerable sectors, businesses, and communities. 

The webinar was moderated by Najwa Mouhaouri from Bank Al-Maghrib, and featured contributions from Faisal Shafaar from State Bank of Pakistan, Guru Prasad Paudel from Nepal Rastra Bank, Dushan Ranasinghe from Central Bank of Sri Lanka, and Dr. Oswald K. Mungule from Bank of Zambia, each of whom shared insight and lessons from their national approaches to designing green finance taxonomies. 

The webinar, which was organized by AFI’s Inclusive Green Finance Working Group, is available to watch below.