AIRAH has provided feedback on the Australian Sustainable Finance Taxonomy.

Building on work done overseas, the taxonomy seeks to define what is classed as a “sustainable” investment. The goal is to bring consistency to finance markets and ensure that investment in sustainable projects has a real impact.

The consultation is looking at different sectors of the economy, with the first consultation covering the built environment,

AIRAH was particularly interested in this consultation because the proposed taxonomy included requirements around refrigerants. As noted in our response, informed by AIRAH members, the limits proposed were heavily focused on global warming potential, without incorporating the full range of considerations for refrigerant selection. Accordingly, we recommended that these measures be reconsidered.

AIRAH is committed to supporting the refrigerant transition and initiatives to make our built environment more sustainable.