Unlocking Sustainable Financing Flows for Environmental and Social Impact in Emerging Markets: Lessons from Southeast Asia

2:00 PM – 2:30 PM

Registration

2:30 PM – 3:00 PM

Welcome Remark:

Mr. Pol de Win, Senior Managing Director, Head of Global Sales and Origination, SGX Group

Keynote Address:

Mr. Jorge Familiar, Vice President and Treasurer, World Bank & Pension Finance Administrator, World Bank Group

3:00 PM – 3:40 PM

Session 1: Financing Sustainable Development with Sustainable Bond Transactions: Opportunities and Challenges

This session will focus on the challenges and opportunities of emerging market issuers in accessing the ESG bond market, particularly Sovereign and Sub-sovereign issuer experience in Southeast Asia. Topics covered will include:

• Experience of issuing labeled green, social, and sustainability bonds;
• Perspectives on mobilizing private investment for socially sound and sustainable projects that achieve greater social benefits, activities related to climate transition, hard-to-abate transition, and “just” transition, and the sustainable blue economy.

Moderator:

Ms. Farah Hussain, Head of Sustainable Finance and ESG Advisory Program,

World Bank Treasury

Panelists:

Ms. Jindarat Viriyataveekul, Public Debt Advisor, Public Debt Management Office, Ministry of Finance, Kingdom of Thailand

Mr. Tran Phuong, Senior Executive Vice President, Bank for Investment and Development of Vietnam (BIDV)

Mr. Reynaldi Hermansjah, President Director & CEO, PT Indonesia Infrastructure Finance

3:40 PM – 4:20 PM

Session 2: Regulations, Incentives and Enabling Tools:

Taxonomies, Reporting and Disclosure to Motivate Investors and Issuers

This session will focus on the role financial regulators in Southeast Asia are playing to scale up sustainable finance and reduce climate and sustainability risks in the financial system; the urgent and decisive policies being implemented/considered in the following areas:

• Sustainable finance regulations seeking to bridge the gap between financial prosperity and societal well-being and policies to incentivize investment in sustainability priorities (socially sound and beneficial projects, activities related to climate transition, hard-to-abate transition, “just” transition, and the sustainable blue economy);
• Standardization of ESG investment terminology;
• Clarifications of what activities are green and social, and
• Consistent disclosure by issuers to help investors make informed investment decisions.

Panelists will share perspectives on implementation challenges and opportunities and what more needs to be done.

Moderator:

Ms. Lim Bey An, Head, Capabilities Enablers and Futures, Sustainability Group,

Monetary Authority of Singapore (MAS)

Panelists:

Ms. Azreen Idayu Zainal, General Manager, Sustainability Department,  Securities Commission Malaysia

Mr. Dohn Alfred E. Aquilizan, Chief of Staff, Office of the Commissioners, Securities and Exchange Commission, Philippines

Mr. Henry Rialdi, Department Head of Integrated Financial Sector Surveillance and Policy Department in OJK, Indonesia

4:20 PM – 5:00 PM

Session3: Financing Sustainability: Investor Role and Expectations to Direct Capital Towards Environmental and Social Priorities

In this session, representatives from institutional investors (pension funds) will discuss the role ESG and impact play in their investment strategies, analysis and decisions, share lessons learnt in sustainable investing, and discuss the drivers that will make sustainable investing attractive in the region, particularly measures that will:

• Enable the growth of the labeled bond market from the investor’s perspective;
• Help reduce risk premiums and funding costs for investments in environmentally and socially beneficial projects and activities (socially sound and beneficial projects, activities related to climate transition, hard-to-abate transition, “just” transition, and the sustainable blue economy).

Moderator:

Mr. Matthew Song, Executive Director, Head of Capital Markets, SGX Group

Panelists:

Mr. Songpol Chevapanyaroj, Secretary General, Government Pension Fund (GPF), Thailand

Mr. Jinsuk Choi, Head of Sustainable Investment Team Strategy & Innovation Group, Korea Investment Corporation (KIC), Republic of Korea

Mr. Norbert Ling, ESG Credit Portfolio Manager, Invesco

5:00 PM

Closing Remark

Ms. Julia Fraser, Director, Singapore Office, World Bank

5:10 PM -6:30 PM