Sustainable Finance Taxonomy Development
Leveraging our deep technical expertise and over 150 years of independence, we partner with governments, financial institutions, and regional bodies to create robust, science-based frameworks that drive credible and impactful sustainable finance solutions.
DNV is a global leader in sustainable finance taxonomy development, providing expert guidance to align financial systems with sustainability and transitional goals. Our services empower clients to classify economic activities, attract investment, and support a just transition to a low-carbon future.
Our offering
DNV’s sustainable finance taxonomy development services encompass:
- Framework Design: Crafting inclusive, science-based taxonomies that balance sustainability and transition pathways, customised to local and regional contexts.
- Sector Expertise: Providing deep technical knowledge across Energy, Transportation, Construction & Real Estate, Agriculture, and Waste Management to define credible classifications.
- Stakeholder Collaboration: Engaging regulators, financial institutions, and businesses to ensure taxonomies are practical and widely adopted.
- Global Alignment: Ensuring interoperability with international standards while addressing unique regional or national priorities.
- Deliverables: Producing clear, accessible taxonomy documents that stakeholders and investors can confidently use to guide sustainable investments.
How does it work?
DNV’s taxonomy development process involves designing frameworks that are inclusive and science-based, tailored to local and regional contexts. We collaborate with stakeholders—regulators, financial institutions, and businesses—to ensure practical adoption. Our approach aligns with international standards while addressing unique priorities, producing clear deliverables that guide sustainable investments effectively.
Pioneering Regional Taxonomies: ASEAN Taxonomy
DNV was proud to partner with the ASEAN Taxonomy Board (ATB) as a key technical advisor for the ASEAN Taxonomy for Sustainable Finance. This collaboration built on our longstanding relationship with the ATB, where we worked closely with working groups to refine classifications for critical sectors such as Agriculture, Forestry & Fishing; Manufacturing; and Water Supply, Sewerage & Waste Management in addition to the existing Energy; Transportation; and Construction & Real Estate sectors. The ASEAN Taxonomy provides a unified, multi-tiered framework that reflected the region’s diverse economic and environmental priorities, enabling ASEAN nations to transition sustainably while addressing local challenges. Our role ensured the taxonomy was practical, interoperable with global standards, and tailored to regional needs, reinforcing DNV’s commitment to fostering sustainable finance across Southeast Asia.
Supporting National Frameworks: The Thailand Taxonomy
Beyond regional efforts, DNV contributes to national taxonomy development, such as the Thailand Taxonomy, which supports the country’s sustainable economy ambitions. Working with stakeholders like the Bank of Thailand, we’ve helped shape a reference tool that classifies green and transitional activities, ensuring alignment with national climate goals and international benchmarks. Our expertise in sector-specific technical screening criteria and principles-based assessments enables countries like Thailand to develop taxonomies that are both actionable and investor-friendly, driving sustainable growth in key industries.
Your independent partner
DNV’s taxonomy development services deliver frameworks that enhance trust among investors, regulators, and the public. By combining our heritage of impartiality with cutting-edge sustainability expertise, we help clients unlock capital for sustainable projects and demonstrate credible progress toward environmental and social goals. Our contributions to frameworks like the ASEAN Taxonomy and Thailand Taxonomy highlight our ability to bridge local needs with global sustainability objectives, driving sustainable growth in key industries.
With over a decade of experience in sustainable finance and a proven track record in taxonomy development, DNV stands out for its independence, technical rigor, and global reach. With offices worldwide, we offer localised expertise and personalised service, ensuring your taxonomy reflects both market realities and long-term ambitions. Partner with DNV to shape the future of sustainable finance with taxonomies that work for today and tomorrow.
Contact us to explore how we can support your taxonomy development journey.
