In a statement today, the central bank said the CCPT guidance document was to address the urgency to accelerate the transition, given the increasing likelihood and intensity of climate change impacts on financial stability.
KUALA LUMPUR: Bank Negara has recently issued the Climate Change and Principle-based Taxonomy (CCPT) guidance document as part of its commitment to prepare the financial sector to be more climate resilience and enable an orderly transition to a greener economy.
In a statement today, the central bank said the CCPT guidance document was to address the urgency to accelerate the transition, given the increasing likelihood and intensity of climate change impacts on financial stability.
“Financial sector plays a critical role in supporting the transition by channelling capital and funds towards activities that support climate and environmental objectives through their green financing, investment and advisory activities.
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