81304103-Consultancy support services for the development of sustainable finance taxonomies

The objective of GIZ"s global project Sustainable Economic Transformation and Sustainable Finance is to advance the transformation towards a more sustainable economy and financial sector, grounded in international standards and global agendas. To this end, the project implements activities in three main areas of intervention: Pillar 1: Fostering global knowledge exchange and peer-learning regarding the sustainable transformation of the economy and the financial sector. Pillar 2: Supporting development of policy and regulatory frameworks in partner countries governing the transformation toward a sustainable economy and financial sector in partner countries. Pillar 3: Providing advisory services and technical assistance to embed sustainability in governance and financial decision-making of financial institutions. The global project currently works in India, Rwanda, and Peru, and further countries of intervention will be added in 2024. In pillar 2, the project supports partner countries in aligning their financial regulatory and policy frameworks with international standards and best practices on sustainable finance. This encompasses, for example, the development of taxonomies, disclosure regulations, sustainable financial product standards or policies on ESG risk management. The project"s activities include, for example, supporting the development of national taxonomies in Peru and Rwanda. The support provided by GIZ is comprehensive, including strategic advice, capacity building, design of multi-stakeholder processes (e.g., coordination of technical expert groups, support for public consultation), drafting advice (e.g., on the selection of sectors and screening criteria), and supporting the taxonomy"s dissemination. This process is complemented by peer-learning opportunities and featuring lessons learned from implementation in partner countries in relevant international and regional forums.