Tuesday, 05 August 2025 11:25

Taxonomy talk

Written by Milking It

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OPINION: Is the Government's taxonomy proposal dead in the water?

ACT won't back making the proposed sustainable finance taxonomy - a classification tool giving banks and investors guidance on how farms are delivering on sustainability - mandatory.

As ACT agriculture spokesman Mark Cameron says: "the whole idea is about of slapping farms with a red, amber or green label so the banks know which ones tick the 'right' boxes, according to a Wellington-approved definition of what's 'sustainable'."

Cameron says it might sound harmless if it stays voluntary.

"But the proposal spells it out: the plan is to make it mandatory down the track. That's where ACT says no."

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