303-7 ASEAN Taxonomy for Sustainable Finance

Summary

ASEAN Finance Ministers and Central Bank Governors have agreed on the development of an ASEAN Taxonomy for Sustainable Finance. The Taxonomy will provide a common building block that enables an orderly transition and fosters sustainable finance adoption by AMS. It consists of two main elements: the Foundation Framework which is applicable to all AMS, and the Plus Standard with metrics and thresholds to benchmark eligible green activities and investments.

Thumbnail image for ASEAN Finance Ministers and Central Bank Governors have agreed on the development of an ASEAN Taxonomy for Sustainable Finance. The Taxonomy will provide a common building block that enables an orderly transition and fosters sustainable finance adoption by AMS. It consists of two main elements: the Foundation Framework which is applicable to all AMS, and the Plus Standard with metrics and thresholds to benchmark eligible green activities and investments.

Issuer

Association of Southeast Asian Nations (ASEAN)

Year

2021

Region

International

Issuer (type)

ASEAN Taxonomy Board (Region)

Policy Type

Disclosure

Geographical scope

Regional

Mandatory or voluntary

Mandatory

Main industries targeted

Agriculture, Forestry, Fishing & Hunting
Manufacturing
Mining, Quarrying, Oil & Gas Extraction
Transportation & Warehousing

Restrictiveness

Moderate

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 2: Zero Hunger
SDG 4: Quality Education
SDG 6: Clean Water and Sanitation
SDG 7: Affordable and Clean Energy
SDG 8: Decent Work and Economic Growth
SDG 9: Industry, Innovation, and Infrastructure
SDG 10: Reduced Inequality
SDG 11: Sustainable Cities and Communities
SDG 12: Responsible Consumption and Production
SDG 13: Climate Action
SDG 14: Life Below Water
SDG 15: Life on Land
SDG 17: Partnerships for the Goals