On 27 March 2023, the ASEAN Taxonomy Board (ATB), representing ASEAN finance sectoral bodies, took the next step towards contributing to ASEAN’s sustainable finance agenda, with the release of the ASEAN Taxonomy for Sustainable Finance Version 2 (Version 2).
Version 2 consists of the completed Foundation framework comprising detailed methodologies for assessing economic activities; and Technical Screening Criteria (TSC) under the Plus Standard for the first focus sector i.e., Electricity, Gas, Steam and Air Conditioning Supply sector (Energy sector). Version 2 builds on the conceptual thinking of the multi-tiered framework outlined in Version 1, which is intended to facilitate the transition of ASEAN Member States (AMS) recognizing the diversity in economic development, financial sector, and infrastructure maturity.
Version 2 also highlights the importance of social aspects in the Taxonomy, by incorporating it as the
ASEAN Taxonomy’s third essential criteria, alongside “Do No Significant Harm” (DNSH) and “Remedial Measures to Transition” (RMT). In combination with other features such as the expansion of the “Do No Significant Harm” criteria, common building blocks are established to enable an orderly and just transition and foster sustainable finance adoption by ASEAN countries.
The ASEAN Taxonomy Board (ATB) is pleased to announce its Webinar on Version 2 of the ASEAN Taxonomy, which will be held on 9 June 2023 from 10.00am-12.00pm (GMT+8) on Zoom.
Registration details :
https://us06web.zoom.us/webinar/register/WN_tYXNTSAzRKq3q1gCzGN4YQ#/registration
This Webinar will serve as a platform to:
a. Introduce the recently-published Version 2 of the ASEAN Taxonomy, highlighting its unique features that enable alignment to international taxonomies while serving the needs of ASEAN.
b. Facilitate discussion on the necessary factors for a just transition in ASEAN.
c. Explore the needs of the energy and power generation sector towards achieving net zero or green targets.
Moderator: Eugene Wong, CEO, the Sustainable Finance Institute Asia
Panellists:
• Nella Sri Hendriyetty, Director of Centre for Regional and Bilateral Policy, Ministry of Finance, Indonesia.
• Mohd Sani Ismail, Principal Finance Specialist, Asian Development Bank Energy Industry Representative (TBC).
• Mushtaq Kapasi, Managing Director and Asia Pacific Representative, International Capital Markets Association.
• Kelvin Fan, Deputy Director of GFANZ APAC Network, GFANZ.
Download : Poster and Concept note
