Asean publishes first green taxonomy for financial instruments

“Multi-tier” taxonomy aims to create realistic goals for both rich and middle-income nations

The Asean bloc's flag

Central bankers and financial authority officials from the Association of Southeast Asian Nations introduced the bloc’s first environmental taxonomy for financial instruments on November 10.

The Asean taxonomy board, which the bloc set up in March, issued the rules. Noorrafidah Sulaiman, a deputy managing director at Brunei’s central bank, chairs the board.

The initial taxonomy consists of two parts. The first outlines broad environmental goals for all 10 member states to comply with Asean

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