ASEAN stock exchanges collaborates to develop sustainability framework

Creating an ESG ecosystem is amongst the initiatives to drive sustainability in ASEAN.

Singapore Exchange (SGX), Bursa Malaysia, Indonesia Stock Exchange (IDX), and The Stock Exchange of Thailand (SET), announced a collaboration on the ASEAN-Interconnected Sustainability Ecosystem (ASEAN-ISE).

The collaboration will advance ASEAN’s sustainable development by implementing common ESG metrics in their data infrastructures.

Bursa Malaysia will oversee the successful execution of the objective as the ASEAN-ISE Secretariat.

Objectives of the initiative include creating an ESG ecosystem to promote sustainability in ASEAN, enabling Participating Exchanges to scale cost-efficient solutions, and allowing Participating Exchanges to assist ESG-compliant corporates to maximise business value through quality disclosures.

The Participating Exchanges will consider local considerations and the maturity level of their respective markets. 

They will adopt and implement “ASEAN Exchanges Common ESG Metrics” in their ESG reporting platforms.