The ASEAN Taxonomy Board (ATB), representing ASEAN finance sectoral bodies, is pleased to announce the completion of targeted stakeholder consultation for Version 2 of the ASEAN Taxonomy for Sustainable Finance (ASEAN Taxonomy). This represents a significant milestone in validating the region’s journey towards sustainability and climate resilience and demonstrates the ATB’s commitment to providing crucial guidance to support environmentally responsible economic activities.

To advance the sustainable finance agenda in the region, the ATB released Version 2 of the ASEAN Taxonomy earlier this year, which featured the completed Foundation Framework, offering detailed methodologies for assessing various economic activities. It also provided Technical Screening Criteria (TSC) for the first focus sector, i.e., Electricity, Gas, Steam and Air Conditioning Supply Sector under the Plus Standard, as well as the Carbon Capture, Utilisation and Storage (CCUS) enabling sector. Following this release, the ATB embarked on a targeted consultation with key stakeholders within the ASEAN region and beyond, engaging more than 1,300 stakeholders and 250 organisations through written feedback, roundtable sessions, and interviews. The consultation was instrumental in affirming and refining the ASEAN Taxonomy’s approach.

Download the full media statement here.