KUALA LUMPUR: The Securities Commission says initiatives like the 5i-Strategy and Sustainable and Responsible Investment (SRI) frameworks have created a solid foundation for sustainable finance.
Chairman Datuk Mohammad Faiz Azmi said significant milestones include the introduction of the SRI sukuk framework a decade ago.
“Malaysia issued the world’s first green sukuk in 2017, and we are among the top Asean nations for sustainable finance.
“Despite this strong regional position, Malaysia’s share of the global environmental, social and governance bond market remains modest, representing 0.3% of the total outstanding bonds year-to-date,” Mohammad Faiz said in a speech during the 41st Asean+3 Bond Market Forum held here yesterday.
He noted that there had been a variety of SRI sukuk offerings, in areas such as green buildings, affordable housing, education, and more.
During the forum, he highlighted that one of the issues faced by Asia was ensuring that sustainability projects were funded. — Bernama
