On January 16, experts from KLINOVA Climate Innovation Consulting & Services attended the Industry Advisory Panel meeting of the Sustainability Disclosures Working Group, hosted by KPMG Philippines. The event also featured the participation of PwC Malaysia, the Indonesia Stock Exchange, AIGCC, Chulalongkorn University, Fortune Parts Industry, ICSA, and Provident Capital Partners.
The meeting discussed the 2025 work plan, aimed at promoting and implementing sustainability disclosures in ASEAN. The working group’s key tasks include refining materiality for disclosures, starting with industry value chain with most emissions; collecting country-specific data; providing subsidized support for capacity building to upskill mid-to-small-tier companies; establishing a centralized data repository; and standardizing methodologies.
In 2025, the working group aims to develop a sustainability disclosure guidance document for ASEAN. Starting in February, the roadmap will be carried out in four phases: preparation and alignment; data collection and drafting; refinement and iteration; finalization and publication. The finalized guidance document will be presented to ASEAN Capital Markets Forum (ACMF) in September 2025.
As an active member, KLINOVA is committed to working closely with organizations to develop advanced sustainability standards, enhancing transparency and promoting sustainable finance in ASEAN, reinforcing the region's position in the global market.
