ASEAN TAXONOMY FOR SUSTAINABLE FINANCE
The ASEAN Taxonomy for Sustainable Finance (ASEAN Taxonomy) is a guide to identify and classify sustainable economic activities in the ASEAN region and is being developed to serve as a common building block that enables an orderly transition and fosters sustainable finance adoption by ASEAN Member States (AMS). Furthermore, it is intended to be the principal reference point for sustainable projects, initiatives and activities in the region. Guided by five high-level principles, the ASEAN Taxonomy caters to the diversity of ASEAN economies, financial systems and transition ambitions, while being credible. Version 1 of the ASEAN Taxonomy was issued on 10 November 2021 and is intended to be used as the basis for consultation, discussion and collaboration. Please find Version 1 of the ASEAN Taxonomy at https://asean.org/wp-content/uploads/2021/11/ASEAN-Taxonomy.pdf.
The ASEAN Taxonomy Board (ATB) was established by the four sectoral bodies representing financial regulators and central banks under the auspices of the ASEAN Finance Ministers and Central Bank Governors’ Meeting. Its role is to develop, maintain and promote a multi-tiered taxonomy that will take into account ASEAN’s needs, as well as international aspirations and goals.
ASEAN TAXONOMY STAKEHOLDER CONSULTATIONS (WRITTEN FEEDBACK)
Following the release of Version 1 of the ASEAN Taxonomy, the ATB is now embarking on the development of Version 2, which commences with gathering feedback from stakeholders. This will be accomplished through a targeted consultation process comprising written feedback, roundtable sessions and interviews. Stakeholders include representatives from ASEAN Ministries and Government agencies, financial market and economic sector participants, as well as other relevant regional and international stakeholders. Stakeholders’ responses will be important in helping the ATB understand the needs and expectations of stakeholders in developing the next version of the ASEAN Taxonomy. Following the written feedback process, the ATB will continue with roundtable sessions and interviews for more in-depth discussions. The written feedback process is by invitation only.
The details of the Stakeholder Consultations (Written Feedback) are as follows:
Commencement date : Monday 23 May 2022, 12pm (GMT: +8)
Written Feedback Format : 28 survey questions with multiple choice and free text options
Approximate duration : 30 minutes
Closing date : Friday 3 June 2022, 5pm (GMT: +8)
Stakeholders’ responses may be published openly in aggregated form. However, it will not be attributed to specific individuals or organisations.