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The Green Project Eligibility Working Group, coordinated by ING Bank (the full list of WG members can be found here) published in March 2021 the document Usability of taxonomies and nomenclatures for the Green, Social and Sustainable Bond markets which provides guidance on various nomenclatures and taxonomies used to assess green eligibility:

  1. why different market participants need well-structured sustainability information;
  2. what are nomenclatures and taxonomies; and
  3. usability considerations of nomenclatures and taxonomies.

Existing taxonomies and nomenclatures are numerous and taxonomies in particular often do not share the same or a similar basis. This makes it hard for market participants to reach conclusions about the suitability of their activities, projects and products eligible to be funded by green financing. This document aims to help market participants understand if and how the various different nomenclatures and taxonomies can be compared and what their usability considerations are.

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