The Taxonomy Roadmap Initiative Progress Report: Advancing Sustainable Finance Taxonomies and Interoperability – launched at COP30 in Belém – highlights rapid growth and innovation in sustainable finance taxonomies worldwide.
The report offers a comprehensive analysis of global trends, progress, and best practices in the development and interoperability of sustainable finance taxonomies. It details both the achievements of the Taxonomy Roadmap Initiative and broader developments across the taxonomy landscape.

To benchmark progress, the report introduces a robust framework and indicators for assessing taxonomy development, interoperability, implementation, and effectiveness in mobilizing capital. The assessment is organized around three key stages: development, implementation, and use.

The report was developed under the guidance of SBFN, GIZ, and CBI, with contributions from Taxonomy Roadmap Initiative partners.

Coinciding with the report launch, the Taxonomy Roadmap Initiative is also unveiling a suite of interconnected resources at COP30, available on the new website for the Taxonomy Roadmap Initiative

The 2025 Global Progress Report – released on 21 October 2025 - highlights rapid advances in sustainable finance across 72 emerging markets and developing economies.

The report highlights key findings, trends, and progress in sustainable finance since 2023. It is the most comprehensive benchmarking of national sustainable finance initiatives globally and applies the updated SBFN Measurement Framework covering three pillars of sustainable finance: ESG Integration, Climate- and Nature-Related Risk Management, and Financing Sustainability.

The 2025 benchmarking conducted through the SBFN Data Portal, a dynamic tool designed to track sustainable finance information, provides a comprehensive view of progress across the financial ecosystem, including banking, securities, pensions, and insurance.

Developed in 2016, the SBFN Measurement Framework was established in response to the demands of SBFN members for a systematic approach to assessing and benchmarking country progress in developing national sustainable finance frameworks. The Measurement Framework has been updated over time based on members’ feedback, capturing global trends in sustainable finance and setting an ambitious standard for SBFN members, under the leadership of the Measurement Working Group. Key objectives of the Measurement Framework include providing members with:

Since 2018, the Measurement Framework has been guiding the SBFN Member Data Collection and benchmarking. The updated 2025 Measurement Framework and Methodology supported the development of SBFN’s 2025 Global Progress Report and the SBFN Data Portal, the most comprehensive benchmarking of national sustainable finance initiatives across emerging markets.

The white paper defines key features of inclusive sustainable finance and proposes practical actions for policy-makers and industry associations.  

The Toolkit aims to support financial sector regulators and banking associations in emerging markets to develop and update national and regional taxonomies, leveraging international good practice and lessons learned from other countries.

The Roadmap, co-developed by SBFN and Central Bank of the Azerbaijan Republic with support from IPSF and UNDP, provides a framework for improving cross-border compatibility of sustainable finance taxonomies by outlining core elements for enhanced taxonomy interoperability.