“The CCPT provides a common framework for the classification of climate risk-related exposures of financial institutions to support risk assessments and encourage financial flows towards greening the economy,” Bank Negara and the Securities Commission (SC) said in a joint statement.
PETALING JAYA: The Joint Committee on Climate Change (JC3) aims to advance initiatives to strengthen the financial sector’s capacity in managing climate-related risks.
During its fifth meeting yesterday, JC3 said following the issuance of the Climate Change and Principle-Based Taxonomy (CCPT) in April 2021, a CCPT Implementation Group will be established to support its consistent and credible implementation by financial institutions.
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