BACKGROUND
On 27 March 2024, the ASEAN Taxonomy Board (ATB), released Version 3 of the ASEAN Taxonomy for
Sustainable Finance (ASEAN Taxonomy), a significant milestone in the development of its overarching
taxonomy to advance sustainable finance practices across the region.
Having published TSC for Electricity, Gas, Steam and Air Conditioning Supply (Energy) sector in ASEAN Taxonomy Version 2, the ASEAN Taxonomy Version 3 introduces TSC for two more focus sectors, namely Transportation & Storage and Construction & Real Estate. The new focus sectors cover activities including construction and renovation of buildings, demolition and site preparation, and acquisition and ownership of buildings, as well as urban and freight transport, and infrastructure for land, water, and air transport, among others.
The Green tiers for these new focus sectors have been aligned, where appropriate, with relevant sectoral guidelines and regulations (e.g. International Maritime Organisation (IMO) 2023 GHG Emissions strategy, International Green building certifications), to ensure that the ASEAN Taxonomy remains credible, interoperable, and inclusive while reducing regulatory fragmentation. The Green tier of the ASEAN Taxonomy continues to make reference to widely used international taxonomies such as the EU Taxonomy and where relevant, will be tailored according to ASEAN’s unique circumstances. The Amber tiers serve as a transition category, providing a useful stepping stone for companies to learn and make adjustments to their activities in pursuit of the Green tier.
In addition to the new TSC, the ASEAN Taxonomy Version 3 also includes refinements to the Annexes that provide more clarity to the user.
OBJECTIVES
This seminar will serve as a platform to:
a. Introduce and socialize the recently-published Version 3 of the ASEAN Taxonomy.
b. Facilitate discussion on the necessary factors for a just transition in ASEAN.
c. Explore the needs of real economy sectors in ASEAN towards achieving net zero or green targets.
TARGETED PARTICIPANTS
This seminar is expected to be attended by ACMF Members, International Organisations, Regional
industry representatives, intermediaries, and members of the public, in-person or online.
Speakers includes :
- Ms. Noorrafidah Sulaiman, Deputy Managing Director, Brunei Darussalam Central Bank and ASEAN Taxonomy Board (ATB) Chair.
- Mr. Peter Rosenkranz, Financial Sector Specialist, Finance Sector Office, Asian Development Bank (ADB).
- Ms. Azalina Adham, Managing Director, Securities Commission Malaysia.
- Moderator: Mr Eugene Wong, CEO, the Sustainable Finance Institute Asia
- Mr. Shinichi Tsunoda, General Manager, Sustainable Business Promotion Department, Mizuho Financial Group.
- Ms. Anjali Viswamohanan, Director, Policy, Asia Investor Group on Climate Change.
- Mr. Mitch Gelber, CEO, Malaysia Green Building Council.
Download Webinar and Concept Note.
