UNEP Finance Initiative (UNEP FI) - Taxonomy Interoperability Expert

Following the publication of the Chilean Green taxonomy, the European Union (DG INTPA) has agreed to carry out an assessment of commonalities and differences between the Chilean Green taxonomy and the EU taxonomy, to foster interoperability between the two frameworks. The assessment will result in a report available in English and Spanish. Its public release will be contingent upon agreement from relevant Chilean authorities, particularly the Ministry of Finance, which leads Chile’s taxonomy development under the Directive Level of its governance structure. The objective of this comparative study is to help provide clarity, transparency, and access of information to domestic and international investors, policy makers and taxonomy users about what activities can be considered as “green” – “taxonomy aligned” in both Chile and the EU. It will, thus, increase confidence in the market (including any recommendations for adjustments beyond the scope of the exercise). The Interoperability Taxonomy Expert will develop the report to inform the domestic and international investor community about commonalities and differences between the Chilean Green Taxonomy and the EU Taxonomy. This document will be directed at users who, due to the geographical location of their economic activities, must apply both taxonomies. In this sense, similarities, possible equivalences, and differences will be identified between the Technical Selection Criteria, activities, and sectors of each taxonomy. Additionally, the study should clearly specify the additional analyses that entities must perform when evaluating their activities under the European Union's Taxonomy and, subsequently, under the Chilean one, and vice versa.