As the 37th ASEAN Capital Markets Forum (ACMF) convened, the contingent concluded that it has achieved its commitment in 2022 to promote Sustainable Development, Inclusivity, and Resiliency, despite the impact of the global economic downturn and COVID-19 pandemic.
The Meeting endorsed the ASEAN Sustainability-Linked Bond Standards 1 and the ASEAN Sustainable and Responsible Fund Standards, which will support the group in narrowing the gap toward the 2030 Agenda in combating climate change. As of October 21, 2022, issuances amounting to US$29.82 billion have been issued under the ASEAN Green, Social, and Sustainability Bond Standards, which were introduced in 2017.
- In addition, to promote and publicize cross-border offerings of funds and collective investment schemes in ASEAN, the ACMF endorsed the ASEAN Collective Investment Schemes (ASEAN CIS) Digital Repository. The Meeting also acknowledged the progress of the ACMF Market Development Program (A-MDP) and supported the creation of more experience- and knowledge-sharing programs among members to respond to the needs of the ACMF members and ensure that all members benefit from these programs.
A Priority Economic Deliverable under the ASEAN Chairmanship of Cambodia.
Standards Board (ISSB) to discuss and convey the ASEAN perspective on the draft ISSB standards, focusing on the areas of interoperability, proportionality in implementation and phasing in of industry-specific metrics. This engagement with the
ISSB lays the foundation for future collaboration, and would help ACMF evaluate the feasibility of adopting ISSB standards based on each jurisdiction’s own legal and regulatory arrangements with respect to international standards, in a way that promotes consistent and comparable sustainability disclosures across ASEAN.
The meeting also acknowledged and appreciated the efforts of the ACMF in promoting mobility of professionals in the markets and took note of developments in digital assets in ASEAN through the updates and the experience sharing of the members.
