Created May 2021

The taxonomy landscape is evolving quickly in Asia. Here is a snapshot of the status in May 2021.

China (Peoples Bank of China, China Securities & Regulatory Commission (CSRC) and the National Development & Reform Commission (​NDRC))

Malaysia (Bank Negara Malaysia)

  • Climate Change and Principle-based Taxonomy (April 2021)
    • Climate-focused sustainability taxonomy for the financial sector
    • Guiding Principles to assess and categorize economic activities according to the extent to which they meet climate objectives and promote the transition to a low-carbon economy.
    • Does not include guidance on sectors, or prescriptions on measurements or thresholds.

Singapore (Task Force Convened by Monetary Authority of Singapore)

  • Taxonomy in develoment – Consultation closed in March 2021

Japan (Financial Services Agency, Ministry of Economy, Trade and Industry, and Ministry of the Environment)

EU

  • International platform on sustainable finance (2019-)
    A multilateral forum of dialogue between policymakers to promote best practices, compare their different initiatives and identify barriers and opportunities of sustainable finance.