Since 2015, more than 30 countries or regions across have been developing taxonomies to define sustainable economic activities, with the EU and China taking the lead. In APAC, the use case of taxonomies currently has a focus on debt financing and bank lending. Its green bond market has grown exponentially in 2022, providing significant support for the green economy transition. At the same time, revenues generated from green products and services from listed companies globally reached above USD 5 trillion in 2022 and are likely to grow rapidly given the urgency to achieve net zero by 2050.