News & Press Releases

ASEAN’s imperative to go green

The impact for climate change is devastating to people and the economy, but especially so for ASEAN. In the past decade, four of the 10 countries that were most impacted by climate change are in ASEAN. These countries - Myanmar, Philippines, Vietnam and Thailand - together, has seen more than 660 climate events causing over 8,000 deaths annually, and a GDP loss of between 0.6% to 1%1.

It is in ASEAN’s imperative to make a change, to reduce the loss of lives and economic growth as a result of climate events. And yet ASEAN still lags behind, both in meeting the United Nations Sustainable Development Goals (SDGs) in the areas of environmental protection, as well as in investments for a greener economy.

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ASEAN Community – how can we get there?

ASEAN was formed in 1967 as a means to create a stable regional order to promote economic growth, social progress and cultural development through multilateral cooperation.

51 years later, ASEAN is not only stable but economically thriving. ASEAN is the world’s sixth largest economy. As of 2015, the 10 ASEAN member states have a combined GDP of $2.43 trillion. McKinsey & Co. predicted that by 2050 ASEAN will be the world’s fourth largest economy.

In 2015, ASEAN leaders signed a declaration to proclaim that the region is now a Community. It was the 10 member states’ way of signalling to the world how the regional grouping has crossed an important milestone together through a journey of nearly half a century.

What does this Community look like?

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Business and Human Rights Workshop on 28 August 2018

The ten ASEAN member countries launched the ASEAN Economic Community (AEC), leading to a more integrated and closely linked ASEAN. Even though the AEC has led to improved business environment and enhanced connectivity, many ASEAN citizens across the region still lack decent jobs, guaranteed essential services and social protection.

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ASEAN Responsible Business Forum 2018 Highlights

Join us at the ASEAN Responsible Business Forum on 27-28 August 2018 in Singapore to discover how companies, big and small, can collectively advance and mainstream responsible and inclusive business across the three pillars of ASEAN to build a united, inclusive, people-centred, resilient and sustainable ASEAN Community.

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