SC launches capital market green financing series


Securities Commission executive chairman Datuk Syed Zaid Albar

KUALA LUMPUR: Securities Commission Malaysia (SC) has launched a programme to create greater awareness and connectivity between green companies and the capital market.

In a statement today, the SC said the NaviGate: Capital Market Green Financing Series seeks to focus on micro, small and medium enterprises (MSMEs) and the alternative capital market financing avenues available through equity crowdfunding (ECF) and peer-to-peer (P2P) financing.

A total of 100 participants and 40 MSMEs from the green technology and sustainable energy sectors in Malaysia participated in the first edition of NaviGate, held virtually today, connecting them to ECF and P2P financing platforms.

ECF and P2P financing offer MSMEs alternatives to traditional financing mechanisms; providing smaller-scale financing options to address their financing needs.

The SC’s Green Financing Survey conducted last year highlighted the high demand for smaller-scale financing options and the untapped financing opportunities within the green MSME segment.

SC chairman Datuk Syed Zaid Albar said total funds raised through these financing platforms since 2016 reached RM1.3 billion as at end-December 2020, benefiting around 3,000 MSMEs.

"A number of companies have accessed ECF and P2P financing to fund their green projects and businesses such as solar power, waste management, and energy efficiency.

"The government recognised the significant role MSMEs play in contributing towards the country’s growth, job creation and innovation, and has allocated an additional RM30 million and RM50 million in Budget 2021 for ECF and P2P investments respectively, through the Malaysia Co-Investment Fund,” he said.

According to the SC, NaviGate demonstrates its continued emphasis in fostering capital market inclusivity and in facilitating the acceleration of the sustainable and responsible investment (SRI) agenda for the Malaysian capital market, complementing the initiatives undertaken by Capital Markets Malaysia.

The inaugural NaviGate session is supported by the Malaysian Green Technology and Climate Change Centre, as well as the Sustainable Energy Development Authority.

MSMEs wishing to participate in the next NaviGate programme can submit their interest to NaviGate@seccom.com.my.

More information on SRI initiatives and alternative financing platforms can be obtained from the SC’s website, www.sc.com.my. - Bernama

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