In June 2025, the Australian Sustainable Finance Institute (ASFI) announced the release of the Australian Sustainable Finance Taxonomy – an historic step towards aligning investment with the nation’s net zero ambitions.
Since publication, ASFI has taken on the role of taxonomy custodian. As a part of this custodian role, ASFI is undertaking market outreach, education, and supporting implementation pilots to drive market uptake of the taxonomy including for labelled debt products.
This world-first Taxonomy Market Implementation Program is in response to the experience of other voluntary jurisdictions that have found limited market uptake and under-utilisation of their taxonomies.
Successful market uptake of Australia’s taxonomy is critical to mobilising private capital into activities that will decarbonise the Australian economy in line with the Government’s 2035 emissions reduction target.
ASFI is working with 10 pilot participants, ANZ, Commonwealth Bank of Australia, Clean Energy Finance Corporation (CEFC), HESTA, Metrics Credit Partners, Moody’s Ratings, NAB, Rabobank, Rest Super, Westpac, as well as with the Australian Office of Financial Management and State Treasury Corporations to develop taxonomy-aligned labelled bond guidance.


