Strengthened response on climate risk by financial institutions bears fruit, says regulators


Securities Commission deputy chief executive Datuk Zainal Izlan Zainal Abidin

KUALA LUMPUR: Greater awareness and efforts by financial institutions to strengthen their response to climate risk, has led to an increased demand for practical tools and urgency to address key gaps needed to support the transition, said financial regulators today.

In a joint statement today, Bank Negara Malaysia (BNM) and the Securities Commission (SC) said the Joint Committee on Climate Change (JC3) continues to engage with the relevant ministries, government agencies and corporates to identify climate and sustainable financing needs that can be mobilised through the financial sector.

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