PETALING JAYA: Continued progress is being made by financial institutions to build their capacity to manage climate risks while supporting their clients to transition, according to Bank Negara.
Following the 14th Joint Committee on Climate Change (JC3) Meeting between the central bank and the Securities Commission, Bank Negara said this was evident in the setting of climate targets, the inclusion of climate considerations in lending and monitoring processes through the use of the Climate Change and Principle-based Taxonomy framework, as well as increasing attention on sustainability in boardroom conversations.
