The Bangladesh Securities and Exchange Commission (BSEC) and the United Countries Vogue Programme (UNDP) no longer too long within the past held a assortment of consultations to develop an SDG Finance Taxonomy for Bangladesh.
This initiative targets to channel private sector funding in direction of achieving the Sustainable Vogue Goals (SDGs), the UNDP talked about in an announcement.
Before every thing piloted in China, the SDG Finance Taxonomy is being adapted to suit Bangladesh’s local absolute best and financial ambiance while asserting world standards.
The consultations engaged a absolute best different of stakeholders, including issuers, merchants, and representatives from sectors much like finance, infrastructure, training, effectively being, and meals safety.
The discussions targeted on ensuring the taxonomy’s relevance and value for Bangladesh. Participants emphasised the importance of aligning it with national policies, elevating consciousness of its advantages, and ensuring it meets world standards for rotten-border investments.
Key options from the discussions incorporated aligning the SDG Finance Taxonomy with Bangladesh Monetary institution’s Inexperienced Taxonomy to preserve a ways from confusion. Participants emphasised focusing on rural communities, climate migration, and eco-pleasant offers in infrastructure and housing.
In training and healthcare, the need for inclusive infrastructure and world most difficult practices became highlighted. Moreover, they stressed the importance of ability building, offering incentives, and setting up stable impression dimension and certification systems, with consideration to gender inclusion and monetary accessibility.
In a closing session, BSEC Commissioner Shaikh Shamsuddin Ahmed and UNDP Resident Representative Stefan Liller reviewed the feedback and outlined the subsequent steps.
Shaikh Shamsuddin Ahmed talked about, “Bangladesh is committed to achieving the SDGs, with stable leadership driving the event. In notify to speed that, we purpose to adopt the SDG finance taxonomy framework that can facilitate mobilising every domestic and world finance.”
Stefan Liller, in his remarks, talked about, “We’re seeing growing private sector passion in sustainable finance, namely spherical progressive devices savor inexperienced bonds and blue bonds. There has been unprecedented development in that deliver over the previous few years. By setting stable policy frameworks and ensuring efficient implementation, Bangladesh can paved the formula in unlocking extra sustainable investments.”
The following steps possess refining the taxonomy, aligning it with national inexperienced finance policies, and organising a final session spherical. After the updates, the taxonomy will be launched with technical guidance to spice up private sector funding in sustainable pattern in Bangladesh.
