The adoption of a universal sustainable taxonomy could significantly improve investment in sustainable assets by giving investors a better understanding of associated risk. As such investments become increasingly mainstream, those that do not adopt such a common approach risk being frozen out of the financial sector.
Speaking at a panel discussion at the Asian Development Bank annual meeting in Tbilisi, Georgia, Joaquín Jugo, co-head of global sovereign solutions for Citi’s public sector group, cited a survey conducted by the bank of 175 non-US investors (whose assets under management ranged between $1bn and $1tn).
