Chandler MHM


Thailand Taxonomy Outlook: Sustainable Classification

Taxonomy serves as a common framework for classifying economic activities enabling corporate sectors, financial institutions, and investors to manage and assess risk, and promote projects and investments that meet sustainability goals. Globally, taxonomies have been developed by regional and international organizations such as the EU, ASEAN, and Climate Bonds taxonomies, and independently established by several jurisdictions including Japan, China, Russia, and many others, as part of attempts to standardize approaches to sustainability disclosures. While the coverage of objectives and criteria under these taxonomies share some similarities, they are not identical.