National Treasury has launched South Africa’s first Green Finance Taxonomy, which will help investors and financial institutions make more informed decisions on “green” projects On 1 April 2022, National Treasury (NT) launched South Africa’s first Green Finance Taxonomy (GFT). This is an official classification that defines a minimum set of assets, projects, and sectors as eligible to be defined as "green" or environmentally friendly. The taxonomy also lists the standards that define economic activities as “green”.
ESG action is now considered critical to both business and social resilience and is increasingly integrated into board oversight responsibilities and executive compensation.
The leaked EU Sustainable Finance Taxonomy proposal for a complementary Delegated Act sets out the role of fossil gas, two devastating scenarios emerge – both a far cry from net-zero by 2050.
Program for the Bellona pavilion at COP26 bellona.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bellona.org Daily Mail and Mail on Sunday newspapers.