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Ephyro Amatong - Policymakers debate - State of play on green finance in ASEAN

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OECD-ADB High-level Roundtable on Green Finance Opportunities in ASEAN, 31 October 2019, OECD, Paris, France

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Ephyro Amatong - Policymakers debate - State of play on green finance in ASEAN

  1. 1. *Data as of October 14, 2019 **SM Investments and Ayala are part of the FTSE4Good Index Series ASEAN GREEN, SOCIAL & SUSTAINABLE STANDARDS / SUSTAINABILITY REPORTING ASEAN GREEN ISSUERS No Fossil Fuel Power US$89.6Tr 1 Mass Transit Renewabl e Energy Resilient Infra GREEN INVESTORS ASEAN Green/ Sustainable Bonds US$3.6 billion* Sustainabl e Water
  2. 2. 2 INITIAL RESULTS FOR ASEAN GREEN/SUSTAINABLE DEBT AND EQUITY Source s: 3 5 33 52 0 10 20 30 40 50 60 0 500 1000 1500 2000 2500 3000 3500 4000 2016 2017 2018 2019 Amt.Outsanding(USDmillions) Year x Sustainability Bonds Green Bonds No. of Issuances ASEAN Green and Sustainability Bond Issuances: $3.6b 18 34 11 13 33 0 9 18 27 36 45 54 63 0 20 40 60 80 100 120 140 160 Indonesia Malaysia Philippines Singapore Thailand FTSE4Good ASEAN 5 Index Net Mcap No. of Cons Amount(USDbillions) *Data as of September 30, 2019 **SM Investments and Ayala are part of the FTSE4Good Index Series *2016 issuances based on CBI data **2017-2019 issuances based on ACMF list
  3. 3. 3 THANK YOU! The views and opinions that are expressed in relation to this presentation are only that of the presenter and do not necessarily reflect those of the Commission, the Commissioners, or the other staff members.
  4. 4. ASEAN GREEN BOND STANDARDS 4 1. Use of Proceeds 2. Framework for Selection 3. Management of Proceeds 4. Annual Reporting Additional Features: a) ASEAN Issuer/Issue b) No Fossil Fuels c) Disclosure on website d) Encourage more frequent reporting e) Qualifications for external reviewers back
  5. 5. ENDORSEMENT: ASEAN SOCIAL BOND STANDARDS •Use of Proceeds •Process for Evaluation and Selection •Management of Proceeds •Reporting •Eligible Issuers •Ineligible Projects •Continuous Accessibility to Information •Encourage More Frequent Reporting •External Review 5 Additional Features:
  6. 6. 6 Eligible Issuers •The Issuer or issuance of the social bond must have a geographical or economic connection to the region. Ineligible Projects •Projects which involve activities that pose a negative social impact related to alcohol, gambling, tobacco and weaponry. •Issuers are also encouraged to develop a list of additional ineligible projects. Continuous Accessibility to Information •Issuers must disclose information on use of proceeds, project evaluation and selection, and management of proceeds to investors in the issuance documentation, as well as on a designated website. Encourage More Frequent Reporting •Issuers are encouraged to provide more frequent periodic reporting which would increase transparency on the allocation of proceeds and investor confidence on the ASEAN Social Bonds. External Review •External review is voluntary under the ASEAN SBS. •ASEAN SBS require any external reviewer to have the relevant expertise and experience in the area which they are reviewing.
  7. 7. ENDORSEMENT: ASEAN SUSTAINABILITY BOND STANDARDS 7 ASEAN SBS ASEAN GBS Combined application of the ASEAN GBS and the ASEAN SBS The Issuer of an ASEAN Sustainability Bond must comply with both the ASEAN GBS and the ASEAN SBS. The proceeds allocated for the Project must not be used for Ineligible Projects specified by the ASEAN GBS (i.e. fossil fuel power generation projects) as well as the ASEAN SBS (i.e. projects which involve activities that pose a negative social impact related to alcohol, gambling, tobacco and weaponry).

OECD-ADB High-level Roundtable on Green Finance Opportunities in ASEAN, 31 October 2019, OECD, Paris, France

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