The ASEAN Capital Markets Forum (ACMF) and the ASEAN Working Committee on Capital Market Development (WC-CMD) are pleased to announce the appointment of the members of the WC-CMD-ACMF Joint Sustainable Finance Working Group (JSFWG)’s Industry Advisory Panel (IAP) Working Group on Adaptation.
The newly formed Working Group on Adaptation comprises ten members and one observer from the capital markets, banking, insurance and the broader financial sector, representing a mix of both regional and global interests.
The ACMF and the WC-CMD established the IAP in 2021 to provide a platform for private sector engagement and feedback on the ACMF’s and the WC-CMD’s sustainable finance initiatives. This has proven to be a valuable interaction point for the capital market regulators and market participants in advancing the important sustainable finance agenda in the region.
The IAP operates under the auspices of the WC-CMD-ACMF JSFWG, which coordinates the sustainable finance efforts of the ACMF and the WC-CMD, including the implementation of the recommendations in the ACMF Roadmap for ASEAN Sustainable Capital Markets and the WC-CMD Report on Promoting Sustainable Finance in ASEAN.
Working Groups are formed under the IAP to support the priority areas of the JSFWG, namely, Taxonomy and Transition Frameworks, Disclosures, and Promoting Supply and Demand for Sustainable Finance. The addition of the Working Group on Adaptation reaffirms the JSFWG’s continued commitment to build on existing platforms and add new perspectives in the face of the evolving sustainable finance landscape.
The 34 members and six observers of the 2024-2026 IAP can be found here. The Sustainable Finance Institute Asia (SFIA) will continue to be the convener of the IAP. The ACMF and the WC-CMD recognise the IAP’s ongoing efforts and important contribution in helping develop a resilient, inclusive, sustainable, and regionally coordinated sustainable finance ecosystem in ASEAN. The ACMF and the WC-CMD look forward to working with the IAP and other stakeholders in advancing the region’s sustainable finance agenda.