• Enhances clarity and transparency in green finance, in order to prevent misleading claims (greenwashing).

• Supports the development of regulatory frameworks and tools to promote sustainable finance and transition finance.

• Provides a reference for businesses to assess and manage environmental risks.

• Serves as a reference for data collection and disclosure of environmentally sustainable activities (taxonomy-aligned disclosure).

• Functions as a policy tool for the government in promoting the green economy, sustainable finance, and climate change policy objectives

• Facilitates the attraction of foreign investment into sustainable activities, aligned with internationally recognized definitions and standards.​​

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The SEC recognizes the importance of adopting a taxonomy and has introduced supporting incentives, including waivers of filing fees for sustainability-themed bonds that reference the Thailand Taxonomy or the ASEAN Taxonomy.​​ (Ince​ntive)

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Why Are There Multiple Taxonomies?​

• ​National and regional roles and importance: Each country or region faces different environmental challenges and policy objectives, and therefore requires a taxonomy framework tailored to national and regional contexts.​

• Alignment with domestic laws and regulations: National sustainability frameworks must be consistent with local laws and regulatory requirements in order to effectively support sustainable development.