Third year of growth in GSS+ debt for Malaysia

“We are encouraged by the growth of the sustainable finance market in Malaysia, where we have played a key role in facilitating its development in recent years," managing director, head of sustainable finance and investments for Asean, Kelvin Tan, said.

KUALA LUMPUR: Malaysia registered its third consecutive year of growth in combined green, social and sustainability and sustainability-linked debt or GSS+, with a 30.5% jump in issuance last year compared to 2020, according to HSBC.

It said Malaysia recorded more than US$1bil (RM4.5bil) of sustainability-linked bonds (SLB) and sustainability-linked loans (SLL) as well as eight deals in 2021.