The ASEAN Taxonomy Board (ATB) is pleased to announce the updated iteration of the ASEAN Taxonomy Version 2, which, takes into account feedback and suggestions received from the targeted stakeholder consultation concluded and announced in November 2023. Where relevant, this feedback has been incorporated and will be effective from 19 February 2024.

This updated iteration builds upon the release of ASEAN Taxonomy Version 2 in March 2023, which, expanded the principles-based Foundation Framework by providing guiding questions, decision trees and use cases that address all environmental objectives (EOs) and essential criteria (EC). It allows any AMS to apply the framework to immediately commence its sustainability journey in a consistent and structured manner. ASEAN Taxonomy Version 2 also provides the methodology that will be applied in setting the TSC tiers in the Plus Standard and contains the TSC for all four EOs for the Energy Sector. The approach to setting the TSC addresses both the principles of credibility and inclusiveness. The “Green” tier is benchmarked to the 1.5°C Paris Agreement target and the “Amber” tiers promote inclusivity.

Download the full media statement here.