Asia GX（Green Transformation）Consortium announces its official launch (October 2, 2024)

Japanese
October 2, 2024
Financial Services Agency

Asia GX（Green Transformation）Consortium announces its official launch

On October 2, 2024, the Asia GX (Green Transformation) Consortium held its high-level meeting in Tokyo, Japan and announced its official launch. In order to promote transition finance, a financing method to provide funds to companies making steady efforts towards decarbonization, the consortium, participated by the Financial Services Agency and ASEAN Financial Authorities, as well as the Asian Development Bank, the Glasgow Financial Alliance for Net Zero (GFANZ), and financial institutions active in Asia, engages in practical discussions through case studies in Asia and other methods, with the aim to form specific methodologies and real cases of transition finance.

The representatives from these organizations participated in this high-level meeting. For more details, please refer to the attached files.

• The consortium is composed of the Financial Services Agency, the ASEAN Financial Authorities, the ADB, GFANZ, MUFG, SMFG, MHFG, JBIC, DBJ, JICA, and observers. The ASEAN Capital Market Forum (ACMF) and the Working Committee on Capital Market Development (WC-CMD) jointly participate as the ASEAN Financial Authorities. Through the consortium's collaboration with Asian financial authorities and private financial institutions, this initiative will also contribute to the initiatives of the Asia Zero Emission Community (AZEC) and others.

No.1 Press Release（PDF：274KB） No.2 The Working Paper Regarding Practical Approach to Transition Finance in Asia（PDF：277KB） Contact

Sustainable Finance Office, Strategy Development Division, Strategy Development and Management Bureau, Financial Services Agency

Tel +81 - (0)3-3506-6000(Ext. 2893, 2189, 2920)