green asset class for the ASEAN region, the Issuer or issuance of the green bond must have a geographical or economic connection to the region. • Ineligible Projects Fossil fuel power generation projects
) Covered under section 4.1.5 Not Covered 3. Color your activities Categorize the activities, see if they are in line with green / amber criteria defined in the Taxonomy. Fossil fuel-based activities can
crucial to ensure this infrastructure is not supporting continued fossil fuel electricity generation. At the same time, this infrastructure is vital for the decarbonisation of other sectors. For industrial
projects such as wind or solar energy generation are common, and achieve avoided emissions compared to energy generation using fossil fuels. Banking (Bank): Financial institutions that mostly undertake
emissions (e.g., fossil methane and biogenic methane), with methane emissions from the energy sector reduced by 64% by 2030 from 2020 levels to be consistent with 1.5°C aligned pathways. Establish absolute
) if relevant - Sales mix (share of low-carbon or renewable energy in sales mix) Oil and Gas Climate Initiative (OGCI), IPIECA Climate Change Mitigation Carbon Emissions 7, 13 Heat & Power - Scope 1-2
landfill, avoid emissions linked to resource extraction and production using virgin materials, and offer an alternative energy source to fossil fuels. Accounting the whole lifecycle, incorporating the
green asset for the ASEAN region, and shall not be used for fossil fuel power generation projects The ICMA’s Green Bond Principles (GBP) are voluntary process guidelines that recommend transparency and
flaring Early fossil fuel plant closure Upgrading gas networks for green hydrogen e.g. For Electrical utility: Financing credible transitions Climate Bonds Initiative 2020 3 Who should use the transition
distribution of natural gas or other fossil fuel products shall set scope 3 targets for the use of sold products irrespective of the share of these emissions compared with the total scope 1, 2, and 3 emissions