Executive Summary

Scaling up private sector climate investment is critical for ASEAN to achieve its ambitious Nationally Determined Contribution (NDC) targets.
As public sector investment in climate action is limited, ASEAN Member States need to facilitate and strengthen private sector investment decisions.
It is important that private sector investments are channeled into various sectors and that these investments also provide new business opportunities for the private sector and allow companies to move towards sustainability, potentially saving operating costs.
One of the main challenges in facilitating decision-making for private sector climate investments is the availability of climate and investment data, as well as institutional capacity in data management and information dissemination.

Policy Recommendations

ASEAN should localise climate risk and strengthen data and information sharing services for better private sector investment decision making and engagement.
Strengthening institutional coordination, policy, and effective planning for climate change data and information management will further provide opportunities in driving private sector investment.
Critically promote research efforts on climate data collection, analysis, and use, while ensuring more climate change information and data availability.
Build effective climate change information and data requires building partnerships to promote climate change best practises.