COP29 Side Event
“Climate-related Disclosure in Asia - Present and Future of Promoting Transparency of SMEs -”
Baku, Azerbaijan/ November 2024
Panel Discussion
Group photo of side event participants
The 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) was held in Baku, Azerbaijan. As part of the Japan Pavilion’s side events, a session titled “Climate-Related Disclosure in Asia: Advancing Transparency for SMEs – Current Status and Future Directions” was conducted on November 20, 2024.
This event brought together various stakeholders, including government, donors, the financial sector, and private sectors, to share the progress in developing systems related to reporting greenhouse gas (GHG) emissions and disclosure of climate-related information by companies in ASEAN member countries.
During the panel discussion, participants highlighted the challenges faced by ASEAN countries and discussed ASEAN's future progress in calculating and reporting GHG emissions and reduction and climate-related information disclosure. A significant focus was placed on involving small and medium-sized enterprises (SMEs). Key points raised included the importance of reporting comparable data through developing standards for ASEAN, access to support resources, and cross-sector collaboration, such as knowledge sharing between public and private entities to facilitate the adoption of GHG emissions reporting and climate-related disclosure practices.