MANILA-- The Securities and Exchange Commission (SEC), in partnership with the Department of Finance, will conduct an ASEAN Corporate Governance and Green Finance Conference on Feb. 6 in Davao City as part of the country's chairmanship of the Association of Southeast Asian Nations (ASEAN) 2017.
The conference will discuss Corporate Governance (CG) initiatives and developments in the ASEAN region and the Philippine publicly-listed companies' experience with the ASEAN CG Scorecard.
There will also be an introductory discussion on Green Finance, with the Philippine SEC acting as co-chair together with Securities Commission Malaysia of the Working Group on Green Finance of the ASEAN Capital Markets Forum (ACMF).
The ACMF Working Group on Green Finance aims to identify green finance standards that can be applied for the ASEAN region to facilitate greater green financing.
Following the ACMF meeting in Jakarta in September 2016, the ACMF announced that it will take a leadership role in identifying green finance standards that can be applied for the ASEAN region.
This is in recognition of the importance of green finance in supporting sustainable growth in ASEAN and the increasing amount of global capital seeking green investments.
Mapping of relevant green bond principles and standards have been conducted to determine the standard that is suitable for adoption in the formulation of the ASEAN green bond standards.
The mapping exercise aims to identify potential partners for ACMF green finance initiative, specifically on the green bonds standard.
The standard that had been selected is the Green Bond Principles (GBP) issued by International Capital Market Associations (ICMA). (PNA)
Source: Philippines News Agency