Post-event Advisory: Taxonomy Roadmap Initiative Partners Convene at London Climate Action Week

10-07-2026

10 July 2026, Baku: Partners and observers of the Taxonomy Roadmap Initiative (TRI), the global platform launched at COP29 in Baku, gathered during London Climate Action Week 2026 for a series of working sessions focused on the future of sustainable finance taxonomies. Convened by the Taxonomy Roadmap Initiative and the Sustainable Banking and Finance Network (SBFN), the discussions brought together TRI partners alongside representatives of the COP30 and COP31 Presidencies, international organisations, and market participants.

Hosted by the World Bank Group and organised in partnership with SBFN, the sessions marked a key milestone in the implementation of the Taxonomy Roadmap Initiative. They brought together the leading organisations and initiatives working on sustainable finance taxonomies to align priorities and advance a shared agenda.

Participants reaffirmed an important evolution in the Initiative's focus—from promoting taxonomy development and interoperability to supporting implementation and delivering measurable impact. Building on work launched at COP29 and advanced at COP30 in Belem, where taxonomy was incorporated into the COP30 Action Agenda gaining the status of a Plan to Accelerate Solutions, partners agreed that the priority is now to help countries put taxonomies into practice by implementing national frameworks, mobilising capital, and demonstrating tangible real-economy outcomes.

Participants also outlined a vision for presenting a coherent suite of TRI deliverables at COP31 in Antalya, bringing together the Initiative's Interoperability Principles, Annual Progress Report with focus on use cases, the Taxonomy Effectiveness Self-Assessment Methodology, and the Taxonomy Mapper. Together, these deliverables will demonstrate the Initiative's progression from establishing common principles and practical tools to generating evidence of implementation and measuring impact.

Representatives of the COP30 (Brazil) and COP31 (Türkiye) Presidencies, as well as ASFI who is leading Australia's Sustainable Finance Taxonomy, took part in the sessions and expressed their support for the Initiative. It was noted that TRI's taxonomy work is embedded in the Baku to Belém Roadmap and the COP Action Agenda, providing political anchoring and continuity across COP cycles. Looking ahead to COP31, representative of Türkiye's Ministry of Environment, Urbanization and Climate Change, which is leading the development of the Türkiye Sustainable Finance Taxonomy, outlined national priorities including transition finance and a more structured international dialogue on interoperability, and signalled Türkiye's readiness to support the Initiative and connect the global agenda to practical, country-level tools.

The Initiative will continue developing these deliverables in close collaboration with its partners in the lead-up to COP31 in Antalya, alongside an enhanced focus on capacity building, technical assistance, and knowledge sharing to support emerging markets and developing economies in designing, implementing, and strengthening sustainable finance taxonomies.