The Green Taxonomy of the Dominican Republic (TVRD) is a classification system of economic and asset activities that contribute substantially to the achievement of environmental and/or social objectives, aligning with the commitments, strategies and policies outlined by the country. The TVRD acts as a reference framework that seeks to promote initiatives that support both sustainable development and the transition to a low-carbon economy.
The beginning of taxonomy work began in 2020 with the signing of a memorandum of understanding (MOU) between the International Financial Corporation (IFC) of the World Bank group and the Superintendence of the Securities Market where the action plan was worked to address the taxonomy development project.
The TVRD covers economic ativities that contribute to the environmental objectives of climate change mitigation and adaptation, the sustainable use and protection of water and coastal-marine resources and economic sectors of greater relevance: water and water resources, waste management and emission capture, transport, energy, construction and industry.
