The Common Framework of Sustainable Finance Taxonomies for Latin American and the Caribbean is a guidance document that can serve as a voluntary reference to orient LAC member states that are in the process of or intend to develop sustainable finance taxonomies. It establishes a set of guiding principles that will improve comparability and ensure interoperability of sustainable finance taxonomies in LAC and internationally. As a first phase, it focuses on climate change objectives, prioritizing economic sectors that are important to these objectives for the LAC region.