ASEAN country exchanges have agreed to collaborate to develop a set of core sustainability metrics that are aligned with international standards and established practices.
The six exchanges in ASEAN discussed initiatives to further enhance ESG collaboration within the region, aiming to level up
the ASEAN stock markets and foster sustainable investments. Leaders of the exchange recognised the complementarity of ASEAN Exchanges and the potential of market connectivity opportunities through depository receipts cooperation.
They are working together to explore ways to further enhance products and regional promotion. Stock Exchange of Thailand President Pakorn Peetathawatchai said that the six ASEAN Exchanges had been working together to create a framework for collaboration in diverse areas to elevate the ASEAN capital markets, including driving sustainability and sustainable investment, and developing interconnected products to expand investment opportunities.
“As the region grows, the ASEAN Exchanges are committed to entrenching the ASEAN market as an investment opportunity. The CEOs of ASEAN Exchanges extensively discussed how to further promote cross-border products build on the complementarity of our markets, and enhance ASEAN Exchanges visibility to international investors. ESG issues have also gained prominence at the global level and serve as key factors for investors when making investment decisions. The
ASEAN Exchanges common ESG metrics therefore provide a guidepost for our companies in reaching international investors and facilitating capital flows into the region” said Pakorn.
The ASEAN Exchanges have agreed on 10 Governance metrics at the meeting, which are said to complement the previously announced metrics related to Environment and Social issues.
