Time of Event

16:30–18:00 Tbilisi time

Summary

Asia and the Pacific faces challenges in its path toward carbon neutrality, which requires managing the risks of decarbonization and low-carbon technologies. Lenders and borrowers need to understand climate risk-adjusted returns and strategies to support the region 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 (TCFD) and the International Sustainability Standards Board (ISSB) Standards are crucial to promote financial stability.

However, more comprehensive work is necessary to improve the credibility of climate and sustainable finance and the overall ESG industry, given that many investors and lenders remain concerned about the risks of greenwashing. Financial regulators in Asia and the Pacific need to strengthen their institutions and systems to manage climate-induced risks through improved standardized disclosure. Deeper discussions and information exchange can promote more aligned approaches across the region, helping to mobilize more funds from global investors.

Under the ADBI-ADB Asian Climate Finance Dialogue, launched in November 2023, this session will feature representatives from central banks, financial regulators, and climate finance specialists who will discuss the main sources of climate-related risks in the region and share the most successful approaches adopted by monetary authorities and regulators among ADB’s member countries. It will also raise awareness on the key role of financial supervisors and regulators and the need to improve climate disclosure and related financial policies to promote climate finance.

Objectives
  • Raise awareness of the importance of climate disclosure and regulatory approaches to respond to the climate emergency and achieve carbon neutrality
  • Stimulate high-level policy dialogue
  • Promote the ADBI-ADB initiative to a broader audience
Target Participants
  • Central bankers and representatives from ministries of finance from Asian Development Bank member economies
  • Experts from ADB and ADBI
  • Climate finance specialists
  • Stakeholders interested in these topics
Output
  • Greater awareness of the importance of improved climate-related information disclosure to scale up climate finance and ensure financial sustainability
  • Contribution of ADBI as a key knowledge producer and disseminator on climate finance in the region
Partner

Asian Development Bank (ADB)

Event Contact