Sustainable Finance The ASEAN is likewise committed to the promotion of green, social, and sustainable finance. Through the ASEAN Capital Markets Forum, ASEAN Standards on Green Bonds, Social Bonds, and Sustainability Bonds have been issued.
The recent issuances of bonds in the Philippines bearing the label of the ASEAN Green Bond Standards is a welcome development as the ASEAN strives towards greening the financial market. There is a huge demand for bonds that are either green, social, or sustainable.