The proposed document will unify the central bank and securities commission’s existing taxonomies, as well as align the national sustainable finance taxonomy with Asean's.
Insurance companies increasingly worry that escalating climate extremes could destabilise financial systems, not their balance sheets – an anxiety felt acutely in Asia Pacific, a MSCI study finds.
Nearly four in five regional asset owners integrate sustainability factors, outpacing Europe and North America as climate risks and supportive policies drive adoption, acccording to FTSE Russell survey.
Countries in the region should also prepare to rely less on developed countries for adaptation finance, recommended the Institute for Energy Economics and Financial Analysis.