ELS Europe was an external contributor to the World Bank’s International ‘Toolkit for Policymakers to Green the Financial System’ providing insights on practical application of successful approaches to taxonomy development and their implementation. The World Bank works with government policy makers, regulators, central banks, and supervisors in implementing reforms to build a sustainable financial system. The aim of the report was to provide a comprehensive overview of the range of approaches that public authorities could take to promote green finance and manage climate-related and environmental risks.