The Sustainable Finance Taxonomy of Costa Rica defines what an environmentally sustainable investment is in a standardised way, establishing a common reference framework that helps actors in the real economy and the financial sector of Costa Rica to identify those investments that contribute to the fulfillment of the environmental and social objectives of the country.
The Taxonomy of Sustainable Finance of Costa Rica has been developed under the leadership of the Ministry of Environment and Energy (MINAE), the Ministry of Finance, the Central Bank of Costa Rica (BCCR), the General Superintendence of Financial Entities (SUGEF), the General Superintendence of Securities (SUGEVAL), the Superintendence of Pensions (SUPEN) and the General Superintendence of Insurance (SUGESE).
The taxonomy identifies eight critical sectors for sustainable investment, including construction, transport, energy, solid waste management, drinking water and sanitation, ICT, manufacturing, and agriculture. Each sector has specified science-based criteria to ensure that activities are not only environmentally sustainable but also contribute to climate mitigation and adaptation efforts.
