the needs of AMS. The principles-based Foundation Framework will allow AMS to pursue the region’s sustainability agenda in a way that reflects their individual circumstances, while the Plus Standard will set out science-based metrics and threholds for the classification of economic activities that contribute to Paris Agreement-aligned pathways. The Meeting welcomed the approach of the ASEAN Taxonomy that is inclusive, transparent, practical and facilitative while providing rigorous pathways that are consistent with regional and global sustainability ambitions. 25. The Meeting noted that the ATB will be commencing stakeholder consultations on Version 1 and received inputs will be used in developing the next version of the ASEAN Taxonomy. 26. The Meeting took note of the significant progress of the recommendations under ACMF Roadmap for ASEAN Sustainable Capital Markets. The Meeting is pleased with the issuance by the ACMF of the ASEAN SDG Bond Toolkit to provide preliminary guidance on the key principles and processes for issuing bonds that are aligned with the United Nations Sustainable Development Goals (SDGs) in order to mobilize more private capital to finance SDG investments that yield sustainable development outcomes and accelerate the economic recovery from the impact of the COVID-19 pandemic. 27. The Meeting also acknowledged the progress by the ACMF in the development of the ASEAN Sustainability-Linked Bond Standards to facilitate issuances of bonds with sustainability-linked goals and targets, to complement the existing suite of bond standards that the ACMF has already introduced for green, social and sustainability bonds, and encourage more ASEAN companies to tap sustainable finance for their transition to sustainable business practices. The Meeting looks forward to this standard being endorsed by the ACMF Chairs’ meeting at the end of this year. The Meeting also supports the ACMF’s initiative on the development of ASEAN Sustainable and Responsible Fund Standards and the introduction of a “Green Lane” to facilitate cross-border offerings of ASEAN Sustainable and Responsible Fund in supporting the Roadmap on ASEAN Sustainable Capital Markets. 28. The Meeting recognised the ACMF’s and WC-CMD’s efforts in deepening industry engagement through the Joint Sustainable Finance Working Group (JSFWG) Industry Advisory Panel (IAP) in the priority areas of taxonomy; transition standards; disclosures; and strengthening demand and supply. The Meeting looks forward to the publication of the IAP whitepapers in the coming months. 29. The Meeting supported the workplan for sustainable insurance that the ASEAN Insurance Regulators Meeting (AIRM) has developed. This includes the launch of a biannual newsletter to update AIRM members on developments and available capacity building programmes on sustainable finance, and the identification of sustainability/climate risk as a priority area for capacity building programmes by the ASEAN Insurance Training and Research Institute (AITRI). 30. The Meeting acknowledged the significant progress made by the ASEAN Central Banks in promoting the sustainable finance agenda. The Meeting welcomed the establishment of the two workstreams under the Senior Level Committee Task Force (SLC-TF) to follow-up on the priority areas of capacity building for sustainable finance and the development of an ASEAN Green Map. The Meeting welcomed the efforts of the SLC-TF, with technical support from Southeast Asian Central Banks (SEACEN) Centre in developing an ASEAN Learning Roadmap and Learning Curriculum on Sustainable Finance that will provide ASEAN Central Banks and regulators with insights into the tools and approaches to assess and monitor environmental risk; design appropriate mitigation measures; and support the scaling up of 5/7