The ASEAN Taxonomy Board (ATB) has unveiled Version 3 of the ASEAN Taxonomy for Sustainable Finance, extending its scope to encompass the Transportation & Storage and Construction & Real Estate sectors.

By integrating Technical Screening Criteria (TSC) for these additional sectors, the ASEAN Taxonomy aims to streamline sustainable activities within these crucial areas of development.

The newly introduced TSC covers a broad spectrum of activities, including construction, renovation, demolition, and ownership of buildings, alongside urban and freight transport, and infrastructure for land, water, and air transport. These criteria aim to guide these sectors towards sustainable practices, providing clear pathways for transitioning to greener operations.

The ATB has meticulously aligned the Green tiers of these sectors with international standards, tailoring them to fit ASEAN’s unique circumstances while preserving global interoperability. This release signifies a pivotal advancement in ASEAN’s commitment to promoting sustainable finance across the region.