08:00-09:00 | Arrival and Breakfast |
09:00-10:00 | Welcoming Remarks - Dr. Manuela V. Ferro [] Regional Vice President for East Asia and Pacific, World Bank
- , President, Beijing Institute of Finance and Sustainability
- , British High Commissioner to Malaysia
Opening remarks: Martin Moloney [] Secretary General, International Organization of Securities Commissions (IOSCO) Keynote: - , Honorary Chairman, Green Trade and Investment Committee, Chinese Society of Environmental Sciences
- , Chairman, Securities Commission of Malaysia
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10:00-11:15 | Report Launch: Unleashing Sustainable Finance in South-East Asia Å·ÃÀÈÕb´óƬ and the Institute of Finance and Sustainability have prepared the report on Sustainable Finance in Southeast Asia to help identify challenges and opportunities for different stakeholders in scaling up sustainable finance in the region, including governments, financial institutions and so on. This report provides a snapshot of the state of sustainable finance in 5 ASEAN countries as a basis for further discussion. In order to scale up the impact and foster knowledge sharing of sustainable finance in and beyond SEA, this session invites policy makers and regulatory authorities from the ASEAN states and other stakeholders globally to discuss and provide valuable suggestions on how Southeast Asia could move towards a sustainable future. [DOWNLOAD REPORT] [] Presentation by Dr. Tatiana Didier, Senior Economist, World Bank Panel discussion Moderator: , Senior Financial Sector Specialist, World Bank Discussants: - , President, Beijing Institute of Finance and Sustainability
- , Director, Bond Department, Securities and Exchange Commission Thailand
- , Deputy Governor, Bangko Sentral ng Pilipinas
- , Managing Director, AIFC Green Finance Centre, Kazakhstan []
- , Assistant Managing Director and Chief Sustainability Officer, Monetary Authority of Singapore
- , Chief of Staff of the Deputy Governor¡¯s Office, Banco Central do Brasil
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11:15-11:45 | Coffee Break and Family Photo (Group Photo) |
11:45-13:00 | Session I: Financing a Just Transition Policy makers should play close attention to those firms that may be negatively impacted by the economic transition toward greater sustainability, especially high GHG-emitting firms, such as those in the coal and oil sectors. Constrained access to finance for these firms, in turn, could create sizeable economic inefficiencies, especially in countries in which high GHG-emitting sectors represent a large share of the economic activity. Access to financing for these high CO2 emitting firms that seek to transition to greener, low-carbon activities¡ªdubbed transition finance¡ªis thus important for a smooth transition toward more sustainable practices. The invited speakers will share their views on a key question for developing transition finance: how to support access to finance for these high emitting firms, while mitigating investor risks related to stranded assets and green washing. They will also share their insights on global trends, relevant country practices, and regulatory challenges of developing transition finance, including the role of taxonomies. Opening Remarks: , Director Horizontal Policies, DG FISMA, European Commission [] Moderator: , Director, Sustainability Unit, Bank Negara Malaysia Panel Discussion: - , Vice President and Chief Sustainability Officer, PETRONAS []
- , Senior Analyst at the Centre for Climate Finance and Multilateral Policy (PKPPIM), BKF Ministry of Finance, Indonesia
- , Senior Operations Officer, World Bank Group-IFC
- , Director, Policy Programs and Implementation, Alliance for Financial Inclusion
- , Professor of Economics and Director of the Centre for Sustainable Finance at SOAS, University of London []
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13:00-14:00 | Lunch Break |
14:00-15:15 | Session II Taxonomies and principles in support of climate transition The ASEAN Taxonomy for Sustainable Finance was released on November 2021, providing a common language for sustainable finance among the ten ASEAN Member States. The ASEAN Taxonomy has been considered as a necessary and timely green and sustainability development progress in the region. In the meantime, voices have been heard in different markets and jurisdictions to enhance comparability and interoperability among different taxonomies or standards to reduce the risk of greenwashing, such as for cross-border capital flows. China and the EU worked under the IPSF and launched the Common Ground Taxonomy (CGT) based on a comprehensive and detailed comparison between China's green bond taxonomy and the EU¡¯s Sustainable Finance Taxonomy, with an aim to enhance comparability and interoperability between the two taxonomies. This session will invite experts to share their thoughts on taxonomies and principles and their roles to support the global efforts of climate transition. Moderator: , Director of the Centre for International Collaborations at the Beijing Institute of Finance and Sustainability Panel Discussion: - , Sustainable Finance Institute, Singapore
- , Managing Director, AIFC Green Finance Centre, Kazakhstan
- , CEO, Mongolia Sustainable Finance Association []
- , Commissioner, Securities Commission of the Philippines
- , Managing Director, Chief Representative Asia-Pacific, ICMA
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15:15-16:00 | Reflections by Participants and Roundtable Discussion |
16:00-16:30 | Coffee Break |
16:30-17:45 | Session III A Sustainability Disclosure and Reporting Requirements Enhanced sustainability disclosures and reporting standards are the cornerstone for further development of the global sustainable finance markets, including those in the Southeast Asia region. As highlighted in the report on Sustainable Finance in South-East Asia, they not only improve market transparency, but also support the decision-making processes of financial market participants and enterprises in the real economy. With more jurisdictions ramp up environmental regulation in the race to net zero, financial institutions and corporates are also asked to transition their balance sheet to a low-carbon and green one, including through the development of transition financing tools. While the debate on transition finance goes on, the discussion on sustainability disclosure also gains attractions. This session will invite both regulators and relevant standard setters to share their insights on sustainability reporting and how they could help stakeholders better embark on a sustainable trajectory. Moderator: , Program Manager, Seoul Center, World Bank Panel Discussion: - , Chief Executive Officer & Executive Director, Kenanga Investors Group
- , Chairperson and Founder, Climate Governance Malaysia
- , Managing Director of Sustainability Strategy, Bank of China Hong Kong
- , Senior Managing Director, Head of Group Sustainability, CIMB Group
- , President and Chief Strategy Officer, MetaVerse Green Exchange (MVGX)
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17:45-18:30 | Reflections by Participants and Roundtable Discussion |
23:00-24:00 MYT 10:00-11:00 EST Webex Webinar | Session III B Sustainability Disclosure and Reporting Requirement [continues from Session IIIa] Opening remarks: Jean Pesme, Global Director, Finance in the Finance, Competitiveness & Innovation (FCI) Global Practice, World Bank Moderator: , CEO of Climate Bonds Initiative Panel Discussion: - , Vice Chair, International Sustainability Standards Board (ISSB)
- , Advisor to the Financial Superintendent of Colombia and Head of the Sustainable Finance Hub, Financial Superintendence of Colombia
- , Senior Operations Officer, Climate Business, IFC
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