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Meeting Business Goals through ESG Data Optimization and Technology in Southeast Asia

Beginning in late 2020, with the support of Google Cloud, the Milken Institute embarked on a two-part Financial Innovations Lab series, exploring the role of technology in improving the resilience and function of Southeast Asia’s financial systems, including how financial institutions can achieve their ESG objectives through improved access and utilization of data and technology tools. This second virtual Lab took place in November 2021 and brought together regional and international banking executives, technology experts, financial regulators, and multilateral organizations to develop recommendations. The following summary distills the discussion and additional research, laying out potential paths forward in three crucial areas of concern: data availability, credibility, and usability.