ASEAN can grow inclusively, sustainably

Chief executive for capital markets, financial derivatives, and carbon exchange supervision of the Financial Services Authority (OJK), Inarno Djajadi, at the 38th ACMF Chairs’ Meeting, which was held in a hybrid format in Yogyakarta on March 20, 2023.               (Photo: ANTARA)

Jakarta (VNA) - The Financial Services Authority (OJK) of Indonesia, as the chair of the 2023 ASEAN Capital Market Forum (ACMF), is optimistic that ASEAN can achieve fast, inclusive, and sustainable economic growth.

Speaking at the 38th ACMF Chairs’ Meeting held on March 21 in Yogyakarta, OJK's Chief Executive for Capital Markets, Financial Derivatives, and Carbon Exchange Supervision Inarno Djajadi highlighted that by 2030, the bloc should be able to realise the national commitment of Nationally Determined Contributions (NDC) on reducing greenhouse gas emissions towards the goal of net zero emissions.

He said that the ACMF, as a regional capital market regulatory group, can contribute to ASEAN countries' economic transition toward a low-carbon economy, especially in the six sectors prioritized in the ASEAN Taxonomy Version 1. According to Djajadi, ACMF will also develop a transition guideline so that companies can carry out the transition process in a transparent and credible manner.

ACMF will continue to strengthen collaboration with the International Sustainability Standards Board (ISSB) on encouraging corporate sustainability disclosure, building awareness, increasing green economy technical competence, and bolstering knowledge transfer.

This year, ACMF is looking forward to launching the Sustainable Finance Knowledge Hub, the ASEAN Green Lane, and the publication of the revised ASEAN Corporate Governance Scorecard (ACGS).

In addition, based on data from the ASEAN Green, Social, and Sustainability Bond Standards introduced in 2017 and 2018, ASEAN-labelled green, social, or sustainable bonds worth about 38.06 billion USD had been issued as of March 15, 2023./.