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Sustainable Finance Advice for the ASEAN Low Carbon Energy Program

IISD is a technical partner in the ASEAN Low Carbon Energy Programme (LCEP), which aims to drive inclusive growth and poverty reduction through increased energy efficiency and the adoption of low-carbon energy. The ASEAN LCEP is a GBP 15 million overseas development program under the auspices of the United Kingdom’s Prosperity Fund, which is targeted specifically at six countries: Indonesia, Malaysia, Myanmar, the Philippines, Thailand, and Vietnam. The program seeks to help these countries reap the sustainable development opportunities that can arise from the deployment of low-carbon energy, in particular through green finance and energy efficiency. The main project partners are Ernst & Young, IMC worldwide, and the Carbon Trust. The ASEAN LCEP program runs until 2022.

The program’s impact in numbers (as of November 2020):

  • 1,090 people trained through capacity-building events.
  • 350 stakeholders engaged.
  • 56 international government agencies and companies supported by or participating in the program.
  • 20 advisory support and technical reports, studies, roadmaps, and frameworks provided.

IISD‘s role focuses on the provision of sustainable investing expertise in the following areas:

  • Mainstreaming gender considerations in various sustainable finance instruments, frameworks, and investment processes.
  • Advising on the integration of sustainability in the products and services of financial market participants.
  • Providing expertise on sustainability, green, social, and sustainability-linked bond issuance.
  • Supporting the creation of national green finance roadmaps; sustainable finance initiatives; and environmental, social, and governance (ESG) reporting frameworks.
  • Advising on international sustainable finance best practices and standards.

To deliver on this project, IISD has built on its many years of thought leadership in different areas of sustainable finance, as well as its experience in providing second-party opinions about sustainability and green bond frameworks and offering ESG impact assessment services using its Sustainable Asset Valuation (SAVi) methodology.

Project details

Topic
Infrastructure
Region
Southeast Asia
Focus area
Resources