OECD-ADBI Roundtable Promotes Enhancing Cooperate Governance Toward Sustainable Growth in Asia

ADBI News Release | 15 March 2024

Tokyo, Japan – From AI’s use in capital markets to net-zero commitments, senior government officials and financial experts explored ways to support sustainable development in Asia and the Pacific during a two-day roundtable discussion in Tokyo.

Cohosted by ADBI and the Organisation for Economic Cooperation and Development (OECD), the event was opened by Japan’s Finance Minister Shunichi Suzuki. He underscored the importance of amplifying foreign direct investment (FDI) to close financing gaps and advance social and environmental conditions in the region.

In his keynote address, Japan’s Vice-Minister of Finance for International Affairs Masato Kanda emphasized the need to build consensus among advanced and emerging economies to ensure global standards for corporate governance. He endorsed the Group of Twenty (G20)/OECD Principles, stating they are key to developing legal regulatory and institutional frameworks that facilitate investment crucial for the transition to a green economy and inclusive growth.

Further panel discussions took place across a range of issues connected to global and regional trends, including the role of capital markets in fostering innovative and sustainable businesses; how to monitor net-zero commitments by financial institutions; how market integrity can support improving the quality of green-labeled products; the use of AI in Asian financial markets; and strategies to attract more, better, and safer FDI.