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On March 30, 2021, finance ministers and central bank governors
from members of the Association of Southeast Asian Nations
(
ASEAN) announced their support for an ASEAN Taxonomy
of Sustainable Finance (
ASEAN Taxonomy). Like the
Taxonomy Regulation in the European Union, the
ASEAN Taxonomy will serve as ASEAN s common language for
sustainable finance and account for both international goals and
ASEAN s specific needs. The initiative is supported by a range
of ASEAN bodies, including its Capital Markets Forum, Insurance
Regulators Meeting, Senior Level Committee on Financial
Integration and Working Committee on Capital Market