The ASEAN Taxonomy Board (ATB) was established to develop, maintain and promote a multi-tiered ASEAN Taxonomy that provides an overarching guide for all ASEAN Member States, complementing their respective national sustainability initiatives, and serves as ASEAN’s common language for sustainable finance. The ATB is established by the ASEAN Capital Markets Forum (ACMF), ASEAN Insurance Regulators’ Meeting (AIRM), ASEAN Senior Level Committee on Financial Integration (SLC), and ASEAN Working Committee on Capital Market Development (WC-CMD), under the auspices of the ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM). The 7th AFMGM on 30 March 2021 endorsed the establishment of the ATB and the development of a multi-tiered taxonomy that takes into account the region’s needs, as well as international aspirations and goals, and facilitate an orderly and effective transition towards a sustainable ASEAN.
ASEAN Taxonomy Board Issues Supplementary Document to the ASEAN Taxonomy for Sustainable Finance
The ASEAN Taxonomy Board (ATB) is pleased to announce the release of a Supplementary Document to the ASEAN Taxonomy for Sustainable Finance (ASEAN Taxonomy). This important addition provides practical use cases for the Foundation Framework, specifically designed to assist small to medium sized enterprises (SMEs).
The Supplementary Document aims to guide SMEs in implementing the Foundation Framework by offering clear and actionable examples to assess activities in the agriculture and renewable energy sectors. The use cases provided are intended to serve as a guide and can be adjusted to fit the specific context of the user’s circumstances, where applicable.
This Supplementary Document is meant to be read in conjunction with the ASEAN Taxonomy main document.
(Update 20 December 2024) The ASEAN Taxonomy Board (ATB) is pleased to issue this updated Supplementary Document outlining the use cases for the Foundation Framework of the ASEAN Taxonomy for Sustainable Finance (ASEAN Taxonomy). This Supplementary Document aims to provide practical guidance on using the Foundation Framework to assess economic activities undertaken by small to medium size enterprises (SMEs) in agriculture, energy, and construction and real estate sectors.
The ATB has developed a Frequently Asked Questions (FAQ) document in response to stakeholder feedback to promote understanding and adoption of the ASEAN Taxonomy. This FAQ serves as a practical guide to address common queries, clarify the taxonomy’s purpose and application, and support its socialisation and uptake across the region. The FAQ is designed as a living resource, regularly updated to incorporate the latest developments, insights, and feedback from stakeholders.