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strengthen green finance and investment, ASEAN countries are focusing on the
following solutions:

Firstly, developing green investment platforms supports the collaboration
needed for more green investments. ASEAN countries need to take advantage of
investment opportunities in the region to ensure that climate change, population growth,
unsustainable consumption and production, pollution and many other challenges do not
stifle the development of the dynamic Asian region.
ASEAN's commitment to green investment is crucial for achieving its climate go
als and ensuring a sustainable future for the region.
To move towards a green economic community for countries in the ASEAN

region, investing in green projects through issuing green bonds is a new direction when
the Government's financial resources become limited. The ASEAN Green Bond
Standards were launched in November 2017 with common standards for issuing
ASEAN green bonds to contribute to the implementation of integration and connectivity
goals, towards sustainable growth in the ASEAN region.
After the issuance of the ASEAN Green Bond Standards, there were four issuances

of bonds and Islamic bonds (sukuk bonds) labeled ASEAN Green Bonds issued by
companies from Malaysia, Singapore and Indonesia. Capital mobilized from green bond
issuances is allocated to projects related to the environment such as renewable energy,
waste management projects and green buildings, transportation and airports with criteria
to meet sustainability standards.
The Association of Southeast Asian Nations needs to increase green investment by
400% each year to protect people and economies from the adverse impacts of climate

change and other environmental shocks. Green investment in the ASEAN region can
transform the region into a green economic powerhouse that supports a growing
population and brings profits to investors.
Secondly, diversifying investors with medium and long-term responsibility
records such as insurance and pension companies helps expand the scale of green
investment. Investors can lend directly to green projects with long-term investment

needs and can increase the efficiency of the financial system by purchasing green assets
transferred by banks into the capital market. This solution can be achieved by converting
assets such as green bank loans into liquid, tradable and rated securities,
e.g. asset-backed or trust-backed securities, investment waterfall.
Green investment in the ASEAN region in the coming years and beyond 2030
clearly represents a major opportunity, helping to transform the region into a resilient,
green economic powerhouse that supports a rapidly growing population. sustainably and
deliver competitive risk-adjusted returns to investors. Besides, mobilize private

investors by addressing risks related to green investment, leveraging public and private
finance through green funds such as ASEAN Catalytic Green Finance Fund. In 2022,
total green investment capital in ASEAN reached US$ 12.8 billion.
Thirdly, expanding initiatives to develop environment-related voluntary finance.
By establishing regulations related to sustainable finance initiatives,

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