Bank Negara urges financial industry to step up green projects efforts

Bank Negara assistant governor Fraziali Ismail: “Approximately 11.7% of Malaysian financial institutions assets are potentially exposed to climate change. Our aim is to ensure that financial institutions are adequately measuring, mitigating and building buffers against climate risk."

KUALA LUMPUR: Bank Negara Malaysia urges financial industry players and others from the private sector to play more proactive roles in increasing funding pathways for green and sustainability related projects.

Bank Negara assistant governor Fraziali Ismail said by stepping up such efforts, there would be more innovative financial instruments or alternative financing, sustainable or green bonds or sukuk that would support the government’s climate change agenda.