Central Bank of Azerbaijan and IFC to Host Global Event on Sustainable Finance Taxonomies at COP29

07-11-2024

Baku, November 7 2024 – On November 14, the Central Bank of the Republic of Azerbaijan and IFC is organizing the event titled "Advancing Sustainable Finance across the Globe: Roadmap towards Interoperability and Comparability of Sustainable Finance Taxonomies". Scheduled for Finance, Investment and Trade Day, this event will facilitate discussions on advancing the green transition through increasing the alignment of sustainable finance frameworks worldwide.

The Central Bank of Azerbaijan, as the central bank of the COP29 host country, has initiated the "Roadmap for Advancing Interoperability and Comparability of Sustainable Finance Taxonomies" in collaboration with the IFC-supported Sustainable Banking and Finance Network (SBFN), the International Platform on Sustainable Finance (IPSF), and the United Nation Development Programme (UNDP). Additionally, we are pleased to declare that the United Nations Environment Programme Finance Initiative, actively involved in taxonomy interoperability efforts, is also supporting this initiative. The objective is to connect and coordinate various ongoing efforts related to sustainable finance frameworks and operationalize them through clear, practical, and coordinated actions.

The event will provide a high-level platform to launch the “Roadmap for Advancing Interoperability and Comparability of Sustainable Finance Taxonomies”. Aiming to address the challenges and opportunities arising from the rapid development of sustainable finance taxonomies across various jurisdictions, the event outlines commitment of the stakeholders to support a coordinated global approach to sustainable finance.

This event is open exclusively to holders of Blue Zone accreditation.

Date: Nov 14th, 2024

Time: 14:00-15:00 (GMT+4)

Venue: Baku Olympic Stadium, Blue Zone, Azerbaijan Pavilion, Room A

For more information on this event, please visit the following link: https://www.cbar.az/page-865/cop29