The 2nd Study Group Session of ATF SG 2025 was held on 25 September 2025 and primarily focused on reviewing and discussing the draft content of the 2025 Annual Report. The session provided members with an opportunity to reflect on the structure, analytical framing, and key messages of the report before finalization.

The discussion centered on the core themes of the annual report, including transition finance frameworks in Asia, sectoral transition pathways, enabling policies and taxonomies, and financial instruments to mobilize capital for transition activities. Members exchanged views on how to strengthen the narrative linking country-specific decarbonization realities with financial structuring approaches, ensuring that the report reflects both regional diversity and practical implementation challenges.
Overall, Study Group Session#2 served as a critical consultation platform to refine the analytical direction and policy relevance of the 2025 Annual Report. Feedback from members will be incorporated to enhance the report’s clarity, coherence, and practical value for policymakers, financial institutions, and other stakeholders engaged in advancing transition finance in Asia.