KUALA LUMPUR: Bank Negara Malaysia (BNM) expects at least half of new financing by banks to be aligned with climate-supporting or energy transitioning activities, as set in the Malaysia Financial Sector Blueprint (FSB) 2022-2026, said governor Datuk Abdul Rasheed Abdul Ghaffour.
He said that at the same time, the central bank will also continue to provide a facilitative policy environment for the industry to advance financial innovations and explore novel financial structures needed to meet the significant financing needs for climate risk mitigation and adaptation.
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