# ASEAN exchange leaders discuss transition finance and the economic shift to net zero

- Link: https://www.thailand-business-news.com/press-release/147319-asean-exchange-leaders-discuss-transition-finance-and-the-economic-shift-to-net-zero
- Published: 2024-06-25T16:29:28+07:00
- Author: SET News

**The roundtable discussed transition finance in ASEAN, with leaders from exchanges
sharing initiatives to support economic transition to net zero, including sustainability
ecosystems and climate finance preparation efforts**.

In a recent roundtable on transition finance with the World Federation of Exchanges(
WFE), JLN spoke with three dynamic leaders representing exchanges from the Association
of Southeast Asian Nations (ASEAN), all members of the World Federation of Exchanges.
Speaking with us were Dr. Soraphol Tulayasathien, senior executive vice president,
Stock Exchange of Thailand (SET); Dr Hezri Adnan, current director, group sustainability
of Bursa Malaysia; and Laurent Poirot, head of product strategy and development 
at SGX. Contributing to the conversation were Nandini Sukumar, CEO of the WFE and
Victoria Powell, senior manager – ESG, regulatory affairs for the WFE.

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A major thread of this conversation, rich with information about transition finance
in the ASEAN region, was the heavy lifting done by each of the exchanges to get 
all the parts moving together collaboratively toward the goals of the Paris Agreement.
The exchange executives discussed the policy approaches and financial services their
exchanges are supporting to foster the economic transition to net zero.

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Among the initiatives discussed at this WFE Roundtable:  SET is committed to fostering
long-term growth in the Thai capital market by developing a sustainability ecosystem
encompassing infrastructure, supply, and demand. SET itself is becoming a Net Zero
Organization. Bursa Malaysia is actively preparing the marketplace for climate finance
by enhancing sustainability reporting requirements for listed issuers, aligning 
climate risk disclosures with TCFD, and providing thought leadership in climate 
change reporting. SGX’s focus is on capital and the crucial role exchanges play 
in facilitating capital flow. But before that can happen, investors need comparable
and robust data, to understand where capital is needed and where the projects are.
That is the thinking and intention behind SGX’s ESGenome, a platform that supports
companies so they can share their sustainability disclosures.

**Source** : [ASEAN exchange leaders discuss transition finance and the economic shift to net zero](https://www.aseanexchanges.org/content/asean-exchange-leaders-discuss-transition-finance-and-the-economic-shift-to-net-zero/?rand=138677)