Establish a taxonomy in Tunisia for classifying sustainable economic activities (for climate change mitigation and adaptation) to help guide and mobilise financial flows
Support and strengthen the capacity of financial institutions to quantify GHG emissions associated with investment and financing activities
Strengthen the capacity of financial institutions to decarbonise their portfolios and improve transparency
In Tunisia, the Sustainable Finance Observatory is part of the consortium in charge of developing a sustainable taxonomy supported by UNDP, as well as building the capacity of financial institutions to measure their carbon footprint. This project builds on an international benchmark and analysis of existing taxonomies and related methodologies. It comprises a mitigation and adaptation component and is based on a multistakeholder approach.
Given the growing importance of the Integrated National Finance Framework (INFF) and the role of financial institutions in accelerating the implementation of climate policy in Tunisia, this work has four main objectives:
Establish an evolving taxonomy for classifying sustainable economic activities (for climate change mitigation and adaptation) to help guide and mobilise financial flows towards investments that support implementation of Tunisia's Nationally Determined Contribution.
Support and strengthen the capacity of financial institutions to measure their carbon footprint and quantify GHG emissions associated with investment and financing activities (financed emissions).
Strengthen the capacity of financial institutions to decarbonise their portfolios and improve transparency reporting in the area of sustainable finance.
Develop a guide for Tunisian financial institutions to strengthen the decarbonisation of their portfolios.
The work led to several deliverables including:
A report on establishing a sustainable taxonomy in Tunisia.
A carbon database with emissions factors for financial institutions.
A report on financed emissions and a guide for financial institutions.
A capacity building programme on portfolio carbon footprint measurement and reporting.
with local stakeholders on various topics related to taxonomy implementation (e.g. governance, legal, methodology, economic impacts etc.)
from private financial institutions, ministries, administration, central banks etc.
on sustainable finance strategies, financed emissions, climate risks, regulatory reporting etc.
Edouard Vilpoux
Lead Sustainable Finance Economist
Edouard is in charge of the Transparency pillar of our activities. After research studies in economics at the Paris School of Economics where he specialized in financial and monetary economics and banking history, he worked at Rothschild & Co for six years, in various roles related to corporate financing wealth and asset management, from corporate banker assistant to private banker. He joinded the Observatory in 2024 and his work focuses on financial institutions' climate transition plans.