RIAA provided submissions supporting the development of the NZ sustainable finance taxonomy and implementation of a key recommendation from the industry-led NZ Sustainable Finance Forum 2030 Roadmap (SFF Roadmap).

In line with the NZ Taxonomy’s core principle of usability – whakamahi – RIAA supports the taxonomy being as simple as possible to ensure that it drives finance to where it is most needed, avoids unintended consequences, and encourages the activities that will have the most impact in support of climate change mitigation.

RIAA does not comment on the specific sectors but note that it will be important that the rationale behind the inclusion and priority of each sector will be important to communicate with stakeholders.

Our comments remain high-level, focusing on:

• the Do No Significant Harm and Minimum Social Safeguard criteria;
• supportive policy and regulatory changes;
• international interoperability and alignment;
• relevance to equity investors; and
• usability and use cases.