In November 2021, Version 1 of the ASEAN Taxonomy was published to focus on climate change and act as a map to help guide capital towards activities that can promote the transition of the real economy onto a more sustainable footing. Version 1 was intended to provide a framework for discussions with stakeholders. It was designed to be credible and science-based, while being inclusive and catering to the different development stages of ASEAN Member States (AMS). It was also intended to be periodically reviewed to keep pace with global sustainability goals and technological advancements, thereby remaining relevant and effective. ASEAN presently has a population of approximately 680 million people covering roughly 4.5 million square-kilometres across 20,000 islands and landmasses. The region boasts significant diversity in every dimension with an immense range of populations, histories, languages, religions, and cultures.