The "Common Framework of Sustainable Finance Taxonomies for Latin America and the Caribbean" is now available for download on the Euroclima portal,

in its English version (soon to be available in Spanish). The document aims to accelerate progress towards the unification and strengthening of national sustainable finance taxonomies in the region.

The "LAC Common Taxonomy Framework" stands as a catalyst to drive progress in the implementation of sustainable finance, offering Latin American and Caribbean member states a regional approach to alignment. This, in turn, will unlock opportunities and financing for long-term value creation, shared prosperity and sustainable development in the region. The guiding principles set out in ensure that taxonomies are grounded in science, facilitating a credible transition from high-emissions sectors to net-zero emissions by 2050, and enhancing adaptability and resilience in all areas.

International cooperation plays a crucial role in promoting regional and international interoperability of taxonomies. In this regard, the "LAC Common Taxonomy Framework" will be a valuable resource for governments and other entities in the region by facilitating the formulation of interoperable sustainable finance taxonomies with the technical assistance offered by the Working Group on Sustainable Finance Taxonomies for Latin America and the Caribbean.

The Common Framework was funded by the European Union through the EUROCLIMA+ Program and was technically developed thanks to the joint effort of the Working Group on Taxonomies of Sustainable Finance for Latin America and the Caribbean. This group, made up of various international agencies and organizations, is committed to promoting sustainable development in the region. Its work contributes significantly to the alignment of Latin American and Caribbean efforts with global sustainability goals.

Those interested in accessing the complete document can download it at the following link: LAC Common Taxonomies Framework