Webinar 1: Enhancing Financial Sustainable Market Efficiency through the Development of a Coherent Taxonomy.
Date: 19 November, 3:00–4:45 p.m. Manila time (UTC +8)
The European Union reached an important milestone with the issuance of its Taxonomy to align investments towards sustainable projects and activities. The People’s Republic of China was one of the early adopters of green investment standards in Asia and the Pacific Region. In March 2021, the People’s Bank of China (PBC) announced that the PRC is working with the European Unio to adopt a common green taxonomy across the two markets later this year. The Association of Southeast Asian Nations (ASEAN) Capital Markets Forum issued ASEAN Green, Social, and Sustainability Bond Standards in 2017/18, making progress towards implementing its Roadmap for the Development of Sustainable Capital Markets in general and its Taxonomy in particular.
| Agenda of the session |
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| Opening words Ingrid van Wees, Vice-President for Finance and Risk Management, ADB Rick Lacaille, Executive Vice-President & Global Head of ESG, State Street |
| I. The European Union Taxonomy (15-15:30 PST) Moderator: Esther Baroudy, Managing Director, State Street Global Advisors Helena Viñes Fiestas, Commissioner of the Spanish Financial Markets Authority; Rapporteur of the EU Platform on Sustainable Finance Nicholas Pfaff, MD, Member of the ExCom and Head of Sustainable Finance, International Capital Markets Association (ICMA); Member of the EU Platform on Sustainable Finance |
II. Initiatives by the People’s Republic of China to advance Sustainable Finance (15:30-16:00 PST) Dr. Ma Jun, Chairman, Green Finance Committee of China Society for Finance and Banking |
| III. The Philippines’ perspective from Asia (16-16:30 PST) Moderator: Esther Baroudy, Managing Director, State Street Global Advisors Ephyro Luis B. Amatong, Securities and Exchange Commission, Philippines Rick Lacaille, Executive Vice-President & Global Head of ESG, State Street |