High quality environmental disclosure in Thailand, based upon the TCFD recommendations – PBIP Expansion Thailand GFS\102 Southeast Asia is highly vulnerable to the effects of climate change and yet has witnessed one of the highest increases in carbon dioxide emissions. In the post-COVID-19 economic recovery, it will be critical for Indonesia and Thailand to maintain their resolve on meeting their Nationally Determined Contributions  (NDCs)  under the Paris Agreement and continue an economic shift to low carbon model. Pertinently, as climate change is affecting people’s livelihood such as access to food, clean water and basic needs, this economic recovery also presents us with the opportunity to align environmental initiatives with social inclusion of vulnerable and historically marginalised groups such as women, LGBT community, people with disability, ethnic minorities, and indigenous people.  Active participation from finance and real economy sectors is needed to match policy intervention and address current ambition gaps in meeting NDC commitments and embedding long term sustainability.  A resilient,  low carbon economic growth will also require increased transparency and high-quality disclosure under globally recognized sustainability reporting frameworks to unlock the potential and catalyse the shift in investment practices to green and sustainable finance.  To improve participation from non-policy actors, Consortium Partners will develop a capacity building programme in  partnership  with  strategic  local  stakeholders  such  as  BAPPENAS,  ICSA  and  SET  for  corporates  and  financial institutions in Indonesia and Thailand (“beneficiaries”) to:  • address knowledge gaps in the financial implications and risk management of climate change;• establish environmental, social and governance (ESG) best practices for social inclusion and human rights; and  • encourage the adoption of green and sustainable finance.  Notably,  this  project will consider the sustainable development visions of local stakeholders to ensure that beneficiaries can better relate internationally accepted best practices in reporting, such as TCFD and GRI standards, to local policy ambitions and identify financing requirements to establish robust and sustainable business models. High level outcome: Systemic behavioural change catalysed within the finance and real economy sectors in Indonesia and Thailand to measure and report the financial implications of climate change, establish ESG best practices and facilitate the shift in investments and the economy to low carbon. Intermediate outcome 1: Establishment of an ecosystem that brings together policy, corporate ambition, and sustainable finance to enable cross fertilization of ideas and networks that promote green recovery and meet NDC goals outlined in the Paris. Agreement. 3. Intermediate outcome 2: Demand-led growth for green and sustainable finance. Activities

Work with SEC to identify target capital market stakeholders and finalize project plan. 
Prepare materials and send out invitations for workshop. 
Deliver TCFD workshop for capital market stakeholders. 
Work with SEC to identify target corporate beneficiaries and issue invitations for this workshop. 
Prepare capacity development materials. 
Deliver workshop for Thai listed companies on TCFD alignment and reporting. 
Work with SEC to identify target policy makers and issue invitations for workshop; and follow up engagement. 
Prepare capacity development material for policy maker workshop. 
Deliver Policy workshop on TCFD. 
TCFD roadmap and delivery. 
Development of the roadmap through Engagements with SEC; Engagement with selected corporates; Development of the roadmap. 
Provide insights gathered from 2022 disclosure cycle to SEC. 
Corporate engagement through disclosure cycle (co-contribution). 
GESI plan. 
GESI six-month review. 
MEL Plan. 
Project impact and next steps reporting. 
Regular (monthly) meetings with Grant Managers and FCDO. 
Steering Committee Meetings. 
Q1 Financial and narrative reporting. 
Q2 Financial and narrative reporting. 
Q3 Financial and narrative reporting. 
Q4 Financial and narrative reporting. 
Q5 reporting; and End of project narrative and financial reports; and financial assurance report.