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ASEAN can grow inclusively, sustainably

The Financial Services Authority (OJK) of Indonesia, as the chair of the 2023 ASEAN Capital Market Forum (ACMF), is optimistic that ASEAN can achieve fast, inclusive, and sustainable economic growth.
ASEAN can grow inclusively, sustainably ảnh 1Chief executive for capital markets, financial derivatives, and carbon exchange supervision of the Financial Services Authority (OJK), Inarno Djajadi, at the 38th ACMF Chairs’ Meeting, which was held in a hybrid format in Yogyakarta on March 20, 2023.               (Photo: ANTARA)

Jakarta (VNA) - The FinancialServices Authority (OJK) of Indonesia, as the chair of the 2023 ASEAN Capital Market Forum(ACMF), is optimistic that ASEAN can achieve fast, inclusive, and sustainableeconomic growth.

💮 Speaking at the 38th ACMF Chairs’ Meeting held on March 21 in Yogyakarta, OJK's Chief Executivefor Capital Markets, Financial Derivatives, and Carbon Exchange SupervisionInarno Djajadi highlighted that by 2030, the bloc should be able to realise thenational commitment of Nationally Determined Contributions (NDC) on reducinggreenhouse gas emissions towards the goal of net zero emissions.

He said that the ACMF, as a regional capitalmarket regulatory group, can contribute to ASEAN countries' economic transitiontoward a low-carbon economy, especially in the six sectors prioritized in theASEAN Taxonomy Version 1. According to Djajadi, ACMF will also develop a transition guideline so that companiescan carry out the transition process in a transparent and credible manner.

🔯 ACMF will continue to strengthen collaborationwith the International Sustainability Standards Board (ISSB) on encouragingcorporate sustainability disclosure, building awareness, increasing greeneconomy technical competence, and bolstering knowledge transfer.

This year, ACMF is looking forward to launchingthe Sustainable Finance Knowledge Hub, the ASEAN Green Lane, and thepublication of the revised ASEAN Corporate Governance Scorecard (ACGS). In addition, based on data from the ASEANGreen, Social, and Sustainability Bond Standards introduced in 2017 and 2018,ASEAN-labelled green, social, or sustainable bonds worth about 38.06 billionUSD had been issued as of March 15, 2023./. 
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