The Report is a collaborative effort among the ASEAN central banks and monetary authorities, namely Autoriti Monetari Brunei Darussalam (AMBD), National Bank of Cambodia (NBC), Bank Indonesia (BI), Bank of the Lao PDR (BOL), Bank Negara Malaysia (BNM), Monetary Authority of Singapore (MAS), Bank of Thailand (BOT), Bangko Sentral ng Pilipinas (BSP) and State Bank of Vietnam (SBV).
The Report focuses on climate and environment-related risks from the perspective of central banks, specifically the ACBs. The Report aims to better understand implications of these risks on the ASEAN financial sector and overall economy. Such understanding is crucial for ACBs to formulate the way forward, individually and collectively, to continue safeguarding financial and monetary stability, while supporting the transition to a low carbon region. This Report places emphasis on the ASEAN context and perspectives, as well as the economic and financial sector development needs. It complements ASEAN’s existing efforts to manage climate change and the related risks in the capital market and insurance sectors.