A ground-breaking new report and technical appendix, Unlocking Capital: Aligning Asia Pacific’s Green Building Rating Tools to the ASEAN Taxonomy for Sustainable Finance, provides the first focused analysis of how green building certification systems align with sustainable finance principles and the ASEAN Taxonomy’s environmental objectives (technical screening criteria and do no significant harm criteria). The report goes deeper than any before offering a credit-by-credit analysis of 32 rating tools across 16 schemes, covering all of Asia Pacific and beyond.
Developed by the World Green Building Council’s (WorldGBC) Asia Pacific Regional Network (APN) and OCBC, this report fills a critical knowledge gap between technical building performance and investor expectations.
Cristina Gamboa, CEO, WorldGBC, said:
“Aligning green buildings with sustainable finance is essential to accelerate the transition we need. This report gives investors and policymakers clarity to channel capital into buildings that deliver both climate impact and economic resilience.”
Mike Ng, Group Chief Sustainability Officer, OCBC, said:
“At OCBC, we believe that accelerating sustainable finance in the built environment requires not just capital, but clarity. This collaboration with the World Green Building Council reflects our commitment to bridging knowledge gaps and fostering alignment between green building rating tools, sustainable financing principles and Taxonomies. By providing practical insights and regional context, this guide empowers stakeholders to make informed, climate-aligned investment and financing decisions, helping to scale impact across Asia Pacific and beyond.”
The comprehensive technical appendix offers an unprecedented level of transparency and granularity, mapping each tool’s criteria, credit by credit, against the ASEAN Taxonomy’s Technical Screening Criteria and “Do No Significant Harm” principles. This detailed alignment provides stakeholders with exceptional visibility into how the built environment can meet sustainable finance expectations. As such, the appendix serves as an unparalleled and invaluable resource for stakeholders across geographies seeking to advance green buildings and mobilise capital for the transition.
Key findings:
- Rating tools show strong alignment with climate mitigation environmental objectives, particularly in relation to energy performance.
- Gaps, however, remain in some rating tools around climate adaptation, circular economy, and tackling construction site activities, which are being addressed increasingly as rating tools update their criteria.
- 32 rating tools from 16 certification systems were analysed across new construction, acquisition and ownership, and renovation/retrofit of buildings.
- Australia’s Green Star Buildings and Singapore’s Green Mark 2021 green buildings rating schemes demonstrated strongest alignment with the criteria in the ASEAN Taxonomy.
- Cross-sector collaboration will be essential to improve interoperability between green building frameworks and financial disclosure requirements.
A call to action for Asia Pacific
The report outlines practical recommendations for rating tool developers, policymakers, and investors, including enhanced transparency, integration of adaptation and resilience criteria, and development of clear performance roadmaps aligned with national climate goals.
Download the report and technical appendix
About World Green Building Council
The World Green Building Council (WorldGBC) is the largest and most influential local-regional-global action network, leading the sustainable transformation to decarbonised and resilient built environments for everyone, everywhere.
Together, with over 75 Green Building Councils and industry partners from all around the world, we are driving systemic changes to:
- Address whole life carbon emissions of existing and new buildings
- Enable resilient, healthy, equitable and inclusive places
- Secure regenerative, resource efficient and waste-free built environments
We work with businesses, organisations and governments to deliver on the ambitions of the Paris Agreement and UN Global Goals for Sustainable Development (SDGs).
Find out more www.worldgbc.org
About OCBC
OCBC is the second largest financial services group in Southeast Asia by assets, and the longest established Singapore bank, formed in 1932. It is one of the world’s most highly rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
Learn more at www.ocbc.com
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