Time of Event

Day 1: 09:45–16:35 Tokyo time
Day 2: 09:00–13:45 Tokyo time

Summary

As Asia and Pacific progresses on its path toward carbon neutrality, policy actions are required to better manage the risks of decarbonization and low-carbon technologies. This requires a deeper understanding of the risk-adjusted returns, risk mitigation strategies, and transition plans to support the region financially toward achieving net-zero emissions. Improved disclosure standards and greater data availability from corporations and commercial lenders in alignment with the recommendations from the Task Force on Climate-Related Financial Disclosures and the International Sustainability Standards Board standards are crucial for financial stability. Financial regulators in Asia need to strengthen their institutions and systems to manage climate-induced risks through improved standardized disclosure.

The Second Roundtable of the ADBI-ADB Asian Climate Finance Dialogue will build upon discussions from the First Roundtable, which was held virtually on 20 November 2023. It will cover (i) the importance of climate-related disclosure, with a focus on regional trends in compliance/preparation for the adoption of ISSB standards; and (ii) the challenges associated with the monitoring and tracking of Scope 3 emissions, including reporting. Representatives from each jurisdiction will also provide updates on the implementation of climate-related disclosure and ISSB Standards and progress being made to measure Scope 3 emissions. Sessions will facilitate policy dialogue and the sharing of good practices, challenges, and opportunities among the participants.

Objectives
  • Raise awareness on the importance of corporate disclosure and the ISSB Standards (i.e., Scope 3 emissions data disclosure), promoting appropriate policy actions by governments and financial regulators to accelerate the implementation of these standards to scale up climate finance while ensuring financial stability
  • Stimulate policy dialogue on these topics and sharing of international best practices
Target Participants
Output
  • Enhanced understanding of corporate climate-related information disclosure 
  • Policy recommendations for improving Scope 3 emissions data and disclosure
  • Shared experiences on best practices and challenges associated with disclosure standards, reporting, and availability of data from the private sector and commercial lenders, among other topics to better manage climate-induced risks
Partner

ADB

Event Contact

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