ASEAN Taxonomy for Sustainable Finance
List of Revisions to the ASEAN Taxonomy
| Revision | Activity | Title | Revision | Endorsed on | Issued On |
|---|---|---|---|---|---|
|
1/2024 (Annex 1) |
351 [071] |
Transmission and distribution (T&D) of electricity |
The revision was made to enhance the interoperability of the TSC with other widely used international taxonomies such as the EU Taxonomy and the Singapore-Asia Taxonomy. The revision for the Green tier is as follows: 1. T&D infrastructure or equipment is part of a System where:
|
25 April 2024 |
3 May 2024 |
Note: The above table lists revisions to the most recent version of the ASEAN Taxonomy and the date the revision was made.
Media Statements
Webinar on Version 3 of the ASEAN Taxonomy for Sustainable Finance
Webinar on Version 2 of the ASEAN Taxonomy for Sustainable Finance
Webinar on Version 1 of the ASEAN Taxonomy
THE ASEAN TAXONOMY BOARD
The ASEAN Taxonomy Board (ATB) is set up under the auspices of the ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM) and is jointly driven by the ASEAN Capital Markets Forum (ACMF), the ASEAN Insurance Regulators’ Meeting (AIRM), the ASEAN Senior Level Committee on Financial Integration (SLC) and ASEAN Working Committee on Capital Market Development (WC-CMD).
The ATB will develop, maintain and promote a multi-tiered ASEAN Taxonomy for Sustainable Finance (ASEAN Taxonomy) that will identify economic activities that are sustainable and help direct investment and funding towards a sustainable ASEAN.
The ASEAN Taxonomy will be the overarching guide for all ASEAN Member States (AMS), complementing their respective national sustainability initiatives and serving as ASEAN’s common language for sustainable finance. It will be designed to ensure that AMS have a framework that suits their economic and social structures that other frameworks may not be able to address.
Transition is a key element of ASEAN’s sustainability agenda and the ASEAN Taxonomy will incorporate an effective pathway to enable an orderly transition.
The Members of the ATB comprise representatives of ACMF, AIRM, SLC and WC-CMD. The current Board comprises of Member Institutions from all ten (10) ASEAN Member States, as follows:
Chair: Brunei Darussalam Central Bank: Madam Mahani Mohsin, Assistant Managing Director (Monetary Operations, Development and International)
Brunei Darussalam Central Bank: Mr. Shahrulazmi Ismail, Executive Director, Regulatory 1
- Non-Bank Financial Services Authority (NBFSA) of Cambodia, Mr. Mey Vann, Secretary of State of Ministry of Economy and Finance, and Secretary General, General Secretariat of NBFSA
- Otoritas Jasa Keuangan Indonesia, Mr. R. Joko Siswanto, Director
- Bank of the Lao PDR, Ms. Fongchinda Sengsoulivong, Secretary General of the Lao Securities Commission Office
- Bank Negara Malaysia, Mr. Fraziali Ismail, Assistant Governor
- Securities Commission Malaysia, Ms. Azalina Adham, Managing Director
- Ministry of Planning and Finance of Myanmar, Mr. Zaw Naing, Director General (Financial Regulatory)
- Securities and Exchange Commission Philippines, Mr. McJill Bryant T. Fernandez, Commissioner
- Monetary Authority of Singapore, Ms. Pamela Lee, Deputy Chief Sustainability Officer
- Bank of Thailand, Mr. Somchai Lertlarpwasin, Assistant Governor
- State Securities Commission of Viet Nam, Mr. Vu Chi Dzung, Director General (International Cooperation)
- Insurance Supervisory Authority of Ministry of Finance Viet Nam, Mr. Ngo Viet Trung, Director General
The ATB is overseen by the AFMGM with the Sustainable Finance Institute Asia (SFIA) providing administrative support as host of the ATB.