Asia-Pacific Network
Our goals
The GFANZ Asia-Pacific (APAC) Network will accelerate the net-zero transition in APAC through four key strategic priorities.
The objective of the network is to bring together the financial sector across developed and emerging economies in APAC to accelerate an inclusive and just transition to a net-zero economy.
FI engagement & recruitment
Drive net-zero awareness and commitments through closing the knowledge and capability gap
Support net-zero implementation through capability building
Public sector engagement
Encourage financial regulators to support net-zero policies and regulations
Represent the voice of the financial sector in engaging real economy regulators
Research and analysis
Drive dissemination of and access to GFANZ research
Contextualize GFANZ global research for the APAC context
Support research into new APAC-relevant net-zero topics
Mobilizing capital into EM&DEs
Support platforms for piloting and scaling financial solutions for climate finance mobilization in APAC EM&DEs
Asia-Pacific regional specific resources
About
Unlocking investment in low carbon and renewable energy is critical in the APAC region if the world is to limit global temperature rise.
To accelerate these and other efforts, GFANZ launched its APAC Network in June 2022 to support engagement with financial institutions and policymakers across the APAC region, incorporating feedback and ensuring its work on net zero is inclusive and applicable to all. The network will enable mutual knowledge-sharing and open dialogue on the opportunities and challenges of net zero, to ensure a truly global green transition. To reinforce the global work and outputs of GFANZ, the APAC Network will help ensure the perspectives and expertise of firms and actors across the APAC region are reflected as well as look into adapting GFANZ’s global research and efforts to meet APAC’s unique and diverse needs.
The GFANZ Asia Pacific Network launched a regional workstream to develop guidance for financial institutions on how they can facilitate the managed phase-out of coal power generation in the Asia Pacific. The workstream will help to address the challenges involved in responsibly decommissioning coal-fired generators in coal plants in Asia by developing an approach that incorporates transition credibility, financial viability, and socio-economic inclusivity. The guidance will be released in 2023.
Regional Advisory Board
The APAC Network Advisory Board, composed of leading regional figures from climate and finance, provides guidance and advice to the APAC Network, including strategic direction, local and regional expertise, and representation in overseeing the work of the APAC Network’s workplan and outputs.
Ravi Menon, Managing Director of the MAS and chair of the Network for Greening the Financial System (NGFS), chairs the Advisory Board and is joined by leading experts on climate finance from both private, public, and civil society sectors, including:
Regional Network Secretariat
The GFANZ APAC Network Central Office in Singapore is supported by Singapore Exchange, Temasek, and the Monetary Authority of Singapore (MAS). The network is led by GFANZ APAC Managing Director Yuki Yasui, who has experience as the APAC lead for the United Nations Environment Programme Finance Initiative (UNEP FI). Yuki reports to the GFANZ leadership team as well as the GFANZ APAC Network Advisory Board.