Webinar on Version 2 of the ASEAN Taxonomy for Sustainable Finance
Webinar in Conjunction with the Release of Version 2 of the ASEAN Taxonomy for Sustainable Finance
9 June 2022, 1000 – 1200hrs, GMT+8
Participants: Open (Financial Sector Regulators, International Organisations, Regional Energy Industry Representatives, Investors, Financial Institutions, Intermediaries, Members of the Public)
The ASEAN Taxonomy: Facilitating A Just Energy Transition
As a ‘transition taxonomy’ Version 2 of the ASEAN Taxonomy for Sustainable Finance provides an assessment methodology for its Green and Amber Tiers, and details in the Technical Screening Criteria of the Energy sector, the first of six focus sectors in the Taxonomy.
How does the ASEAN Taxonomy assist in the Energy transition of ASEAN member states (AMS)? What more is needed to enable a just transition in this critical sector?
| GMT+8 | Friday, 9 June 2022 |
|---|---|
|
1000 |
Keynote address by the ASEAN Taxonomy Board (ATB) Chair Noorrafidah Sulaiman, Deputy Managing Director, Brunei Darussalam Central Bank |
|
1010 |
Special remarks by Senior Director-Designate Finance Sector Office, Christine Engstorm, Asian Development Bank (ADB) |
|
1020 |
Presentation on the ASEAN Taxonomy Version 2 by ATB Board Member and Chair of Working Group on Market Facing and Resourcing, Azalina Adham, Managing Director, Securities Commission Malaysia |
|
1040 |
Panel discussion – The ASEAN Taxonomy: Facilitating a Just Energy Transition
Following the presentation on the ASEAN Taxonomy Version 2 (Version 2), the panel session will discuss efforts to transition in ASEAN, with a focus on the Energy sector. As a ‘transition taxonomy’, the Version 2 provides an assessment methodology for its Green and Amber Tiers, and details the Technical Screening Criteria of the Energy sector, the first of six focus sectors in the Taxonomy.
Version 2 also incorporates social aspects as the ASEAN Taxonomy’s third essential criteria – including three key social aspects which could potentially be harmed by an economic activity. The taxonomy highlights the importance of these social aspects, alongside two other essential criteria, which can enable an orderly and just transition to foster sustainable finance adoption by ASEAN countries.
Among other issues, the panel will discuss how does the ASEAN Taxonomy assist in the Energy transition of ASEAN member states and what more is needed to enable a just transition in this critical sector. Moderator: Eugene Wong, CEO, the Sustainable Finance Institute Asia
Panellists:
|
|
1200 |
End |
Moderator & Panel Speakers
Keynote Speaker
Noorrafidah Sulaiman
ASEAN Taxonomy Board Chair Deputy Managing Director (Monetary Operations, Development and International)
Brunei Darussalam Central Bank
ASEAN Taxonomy Version 2 Presentation
Azalina Adham
Chair of Working Group on Market Facing and Resourcing Managing Director
Securities Commission Malaysia
Special Remarks
Christine Engstrom
Senior Director-Designate Finance Sector Office Asian Development Bank (ADB)
Securities Commission Malaysia
Eugene Wong
Chief Executive Officer Sustainable Finance Institute Asia
Nella Sri Hendriyetty
Director of Centre for Regional and Bilateral Policy, Fiscal Policy Agency, Ministry of Finance Indonesia
Mohd Sani Ismail
Principle Finance Specialist, Asian Development Bank (ADB)
Mushtaq Kapasi
Managing Director and Chief Representative, Asia Pacific, International Capital Market Association (ICMA)
Kelvin Fan
Deputy Director, Glasgow Financial Alliance for Net Zero (GFANZ) APAC Network
ASEAN Taxonomy Webinar
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: Mdm. Noorrafidah Sulaiman, Deputy Managing Director (Monetary Operations, Development and International).
Vice-Chair: Monetary Authority of Singapore: Mr. Daniel Wang, Executive Director (Insurance).
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. Greatman Rajab, Director.
Bank of Lao PDR, Ms. Fongchinda Sengsourivong, Director 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. Kelvin Lester K. Lee, Commissioner
Monetary Authority of Singapore, Ms. Gillian Tan, Assistant Managing Director (Development & International) and Chief Sustainability Officer.
Bank of Thailand, Mr. Tharith Panpiemras, Assistant Governor.
Office of Insurance Commission of Thailand, Dr. Suthiphon Thaveechaiyagarn, Secretary General
State Securities Commission of Viet Nam, Mr. Vu Chi Dzung, Director General (International Cooperation).
The ATB is overseen by the AFMGM with the Sustainable Finance Institute Asia (SFIA) providing administrative support as host of the ATB.
