The ASEAN Taxonomy Board (ATB), representing ASEAN finance sectoral bodies, today took the next step towards meeting the Paris Agreement commitments, with the release of the ASEAN Taxonomy for Sustainable Finance Version 2 (Version 2). While the first version laid out the broad framework of the ASEAN Taxonomy, Version 2 consists of the (a) complete Foundation Framework comprising detailed methodologies for assessing economic activities; and (b) Technical Screening Criteria (TSC) for the first focus sector ie Electricity, Gas, Steam and Air Conditioning Supply sector (Energy sector) under the Plus Standard. TSCs for other focus sectors will be published in the subsequent versions of the ASEAN Taxonomy. Version 2 builds on the conceptual thinking of the multi-tiered framework outlined in Version 1. The multi-tiered framework is intended to facilitate transition of ASEAN Member States (AMS) recognising the diversity in economic development, financial sector, and infrastructure maturity.
Source: Association of SouthEast Asian Nation