Increasingly, Southeast Asian countries are looking to raise sustainable finance to ensure the transition to low-carbon economies and create transparency and accountability in financial flows. With climate change being acknowledged as a social and economic risk, and with governments simultaneously regulating ‘sustainable’ finance to ensure transparency – the finance sector and businesses need to respond to these twin requirements. The session will shed light on initiatives and regulations on sustainable finance, access to sustainable finance for marginalised and vulnerable populations, and the alignment of regions associated with implementation. Furthermore, the session will also focus on understanding how sustainable finance can integrate climate action into financial activities and in the process help ensure a ‘just transition’ and achievement of sustainable development goals.
Key Takeaways from the session:
- Identified the context and levers that are increasingly driving policy regulation and transparency on sustainable finance.
- Enabled discussion on the inhibitions of the financial sector as it increasingly looks to invest in sustainable finance instruments.
- Identified how sustainable finance regulations, frameworks, and taxonomies can be made inclusive to help address the concerns of the vulnerable and marginalised communities.