Why Does Grandfathering Matter in Green Finance Taxonomy? As sustainable finance taxonomies become more technical, more regulated and more closely linked to capital access, one policy question is becoming increasingly important: should green finance taxonomies include a grandfathering policy? The short answer is yes — but only with discipline. A grandfathering policy allows an existing green loan, bond, project or activity that qualified under an earlier taxonomy rule to rema

Phase II of Hong Kong’s Sustainable Finance Taxonomy (also referred to as the Phase 2A stage ) is the second development stage of the classification system led by the Hong Kong Monetary Authority (HKMA) with technical support from the Climate Bonds Initiative (CBI) . It builds on the first phase released in May 2024 and was officially announced on 8 September 2025 , accompanied by a public consultation. Here’s a concise professional overview: Purpose of the Taxonomy Phase