Publication of guidelines by Asia Transition Finance Study Group (ATFSG)
The Asia Transition Finance Study Group (ATFSG) was launched in October 2021 with the aim of presenting and disseminating the concept of Asian transition finance.
MUFG Bank, together with its four strategic partner banks* in ASEAN, are part of the consortium of global and Asian banks that form ATFSG. As part of the secretariat, MUFG led discussions and meetings over the course of a year to discuss how best to promote transition finance in the region.
Through this collaboration, the ATFSG published an activity report that sums up its activities and recommendations. It also published a set of practical transition finance guidelines, complete with case studies, to support the efforts of financial institutions in this area.
These reports underscore the increasingly important role that FIs like MUFG play in Asia’s energy transition.
In his remarks at the Asia Green Growth Partnership Ministerial Meeting hosted by Japan’s Ministry of Economy, Trade and Industry, Mr. Nakahama Fumitaka, MUFG’s Managing Executive Officer and Chief Executive of Global Corporate and Investment Banking said: “Given Asia’s diversity and differing stages of economic growth, it is essential to ensure a just and orderly transition. In other words, decarbonization efforts should consider not only climate sustainability, but also reliability of the energy supply and affordability of energy cost and energy price, while maintaining social stability. This is necessary to accelerate decarbonization and ensure energy security, while also avoiding abrupt dislocations.
“Therefore, we believe that financial institutions play an important role in energy transition. On behalf of the Secretariat of the ATF Study Group, I would like to thank all those who have assisted our work,” he added.
Access our global press release on the report here:
The ATF Activity Report can be accessed here:
The ATF Guidelines can be accessed here:
* VietinBank in Vietnam, Krungsri in Thailand, Security Bank in the Philippines and Bank Danamon in Indonesia.