KUALA LUMPUR: The Securities Commission (SC) has launched the Sustainable and Responsible Investment Roadmap (SRI Roadmap), which aims to chart the role of the capital market in driving Malaysia’s sustainable development.
The five-year roadmap comprises five overarching strategies, known as 5i-Strategy, namely, widening the range of SRI instruments, increasing the SRI investor base, building a strong SRI issuer base, instilling a strong internal governance culture and designing information architecture in the SRI ecosystem.
Under the 5i-Strategy, there are 20 strategic recommendations to position Malaysia as a regional SRI centre in the next five years.
The SC also released the revised SRI Sukuk Framework yesterday, which has expanded the list of eligible SRI projects, enhanced disclosure and reporting requirements as well as clarified the role of external reviewers.“Guided by our 5i-Strategy, the SC has taken a holistic approach to developing the SRI segment. The underlying motivation is to provide greater options to both issuers and investors that suit their respective SRI needs and requirements, ” said SC chairman Datuk Syed Zaid Albar during the SRI Roadmap launch yesterday.
Meanwhile, Finance Minister Lim Guan Eng, who was also present to officiate the launch of the SRI Roadmap, said the government’s 4.7% economic growth target for 2019 remains achievable, despite the slower 4.4% growth in the third quarter. “We are confident that the economy would improve in the fourth quarter. Normally, the fourth quarter is a stronger quarter and we feel the economy would be able to show a better performance, ” he said.
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