Editorial: The Government must come clean
OPINION: For most farmers and readers, the term Sustainable Finance Taxonomy will make little sense.
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."
Read More:
- Trop de Paris!
- Editorial: The Government must come clean
- Reserve Bank rules bleeding farmers dry - Feds
