GrainGrowers welcomes the opportunity to comment on the second public consultation for the Australian Sustainable Finance Taxonomy.
The consultation paper by the Australian Sustainable Finance Institute requests feedback to optimise the taxonomy’s design in accordance with the core taxonomy principles: credibility, usability, interoperability and prioritisation for impact.
GrainGrowers supports the development of mechanisms such as the taxonomy that aim to mobilise green capital investment in practices that contribute to a low-carbon economy. The agricultural industry in Australia, as a significant steward of the land, has already demonstrated in-depth commitments to climate change mitigation through reducing emissions, sequestering carbon on-farm and building resilience to climate impacts through responsible land management.
It is essential that the taxonomy is developed in a way that credibly accounts for best practices that contribute to climate change mitigation while enhancing the profitability of grain growers. GrainGrowers’ has provided detailed responses to the following sections: Agriculture and Land (3,5); Manufacturing and Industry (14); Do No Significant Harm framework (30); and Minimum Social Safeguards framework (42).
GrainGrowers looks forward to working with the Australian Sustainable Finance Institute on this emerging topic. Should we be able to provide further assistance or if there are any enquiries relating to this submission please contact Rebecca Hurst - Policy Officer, Sustainability and Natural Resource Management at rebecca.hurst@graingrowers.com.au.
Read the full submission: