Fair Finance Asia and Vander Stichele, M. (2024, August). Version 2 Module 4: Sustainable Finance Taxonomy Guidebook (2024).
On August 22, 2024, Fair Finance Asia (FFA) launched the update to Module 4 of its 2022 Sustainable Finance Taxonomy Guidebook for civil society organisations (CSOs), Version 2 Module 4: Sustainable Finance Taxonomy Guidebook (2024).
Launched at the webinar, “Taxonomies for Sustainable Finance: Can they support the acceleration of Asia’s just energy transition?” the updated module was developed to demystify technical jargon and provide practical guidance and to equip civil society organizations (CSOs) and other stakeholders with the knowledge they need to raise community voices and public interest issues when engaging with financial sector leaders and decision-makers regarding taxonomies for sustainable finance.
Version 2 of Module 4 (2024) covers taxonomy development up to the beginning of May 2024 in 9 of 10 FFA coalition countries: Bangladesh, Cambodia, Indonesia, Japan, Lao PDR, Pakistan, the Philippines, Thailand, and Vietnam. No taxonomy development has been undertaken in India. Version 2 of Module 4 (2024) covers the ASEAN Taxonomy for Sustainable Finance Version 3, developed by ASEAN to provide a general standard for ASEAN Member States and foster regional harmonization and alignment.
This updated guidebook further explains how authorities and financial actors in FFA coalition countries have initiated, developed, and updated taxonomies, and how the ASEAN Taxonomy Version 3 has provided a standardized framework for its Member States to attract domestic and foreign private finance for climate-related activities. It provides insights into the consultations and decision-making processes that have led to the development of national and regional taxonomies. The guidebook offers an overview of the main elements of each sustainable finance taxonomy, such as the technical screening criteria (TSC), the priority economic sectors, the usage of the taxonomy, and future developments.
The updated guidebook demonstrates FFA’s commitment to empower CSOs and facilitate more transparent and inclusive engagement in advancing sustainable finance across Asia.
To access Version 2 of Module 4 (2024) guidebook, click here.
To access FFA’s 2022 Sustainable Finance Taxonomy Guidebook, click here.
To learn more about FFA’s webinar on Sustainable Finance Taxonomies, click here.
Disclaimer: This material/production has been financed by the Swedish Embassy in Bangkok. Responsibility for the content rests entirely with the creator. The Swedish Embassy in Bangkok does not necessarily share the expressed views and interpretations.