KUALA LUMPUR: 75 per cent of Malaysia’s exports to the European Union (EU) will be impacted by the EU’s Carbon Border Adjustment Mechanism (CBAM), albeit collectively accounting for only about eight per cent of Malaysia’s total exports in 2021 to 2023.
The Securities Commission Malaysia (SC) said in its Capital Market Stability Review 2023, released today, that more climate and environmental, social, and governance (ESG)-related policies, like CBAM, particularly from entities like the EU and advanced economies, have the potential to affect Malaysian firms through multiple channels.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
