The ASEAN-Interconnected Sustainability Ecosystem (ASEAN-ISE) is making significant progress towards establishing a unified ASEAN sustainability ecosystem with the development of a centralised ESG Data Infrastructure.
This initiative, highlighted during a recent workshop in Kuala Lumpur, aims to standardise the collection, analysis, and reporting of ESG data across the region, fostering sustainable investment practices.
Representatives from prominent ASEAN Exchanges, including Bursa Malaysia, Indonesia Stock Exchange (IDX), The Philippine Stock Exchange (PSE), The Stock Exchange of Thailand (SET), and Singapore Exchange (SGX Group), convened to refine the requirements of the Request for Information (RFI). The RFI will facilitate the identification of suitable technologies and frameworks to build a robust, interconnected ESG data ecosystem that promotes market accessibility through an ESG lens.
Datuk Muhamad Umar Swift, chief executive officer at Bursa Malaysia, and current ASEAN-ISE secretariat host, emphasised the vision behind the initiative. “We envision a centralised infrastructure with harmonised data structure and standards which will enable a seamless aggregation of the ASEAN view, in promoting the region as a unified market. This framework, which will align with global priorities on green transition, will emphasise commonalities that enhance resource efficiency, achieve economies of scale and accelerate the time-to-market deployment of solutions,” he said.
The goal of the ASEAN ESG Data Infrastructure is to increase corporate visibility, attract international investors, and establish the region as a hub for sustainable development. It represents a strategic move to position ASEAN as a competitive and trusted partner in the global green economy, driving innovation, growth, and deeper market integration.
The initiative invites collaboration from global stakeholders to shape the future of ESG integration not only within ASEAN but with other trading partners worldwide, ensuring a sustainable and economically efficient future.
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