Some 41 countries have created legislation for a “taxonomy” defining which economic activities can be considered green, with 18 fully implemented and 23 in development. Yet, no two are the same, fuelling confusion for investors who are pushing for greater standardisation.
Ehsan Khoman, Head of Research – Commodities, ESG and Emerging Markets (EMEA), examines efforts to promote convergence between different green classifications and offers perspectives on what the reverberations are should policymakers make the decision of making taxonomy reporting mandatory in their jurisdictions.
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