While ASEAN has made progress on mitigation investments and spending has increased, there is a large gap in investment in adaptation and more needs to be done to address climate change adaptation initiatives. For example, funding for climate change adaptation in 2019/2020 is only US$46 billion compared to funding for mitigation, which is US$471 billion (Buchner et al., 2021). It is estimated that some USD 155 – 330 billion in adaptation finance will be needed in developing countries by 2030 (United Nations Environment Programme, 2021). Private sector cooperation and a long-term shift to a low-carbon economy are needed to combat climate change and ensure that adaptation to climate change is successfully implemented. The progress of new regulatory requirements and market pressures such as environmental, social, and governance (ESG) reporting, carbon markets and sustainability reporting are expected to accelerate investment in climate adaptation. This creates several climate adaptation opportunities for ASEAN Member States