SC urges financial sector to help businesses become greener, more resilient

KUALA LUMPUR: The Securities Commission Malaysia (SC) has called on the financial sector, including the capital market, to support funding for businesses to become greener and more resilient in the transition to a low-carbon economy.

SC managing director Datuk Kamarudin Hashim said that between RM1.2 trillion and RM1.3 trillion in funding, including investments in renewable energy, energy efficiency, and green mobility, would be required for Malaysia to achieve its energy transition goals by 2050.