INITIATIVES
Joint Committee on Climate Change
To further pursue collaborative efforts in building climate change resilience within the Malaysian financial sector, the Joint Committee on Climate Change (JC3) was set up on 27 September 2019. The SC and Bank Negara Malaysia (BNM) co-chair the JC3 which comprises Bursa Malaysia and 19 other industry participants. The JC3 saw an urgent need to accelerate responses towards ensuring a smooth and orderly transition to a low-carbon economy.
The JC3 comprises four sub-committees which focuses on specific topics that manage exposures to climate risks and facilitate businesses on their transition towards sustainable practices. The four sub-committee will focus on:
- Risk management
- Governance and disclosure
- Product and innovation
- Engagement and awareness
| Joint Committee on Climate Change (JC3) | |
|---|---|
|
Policy/Measure owner |
Bank Negara Malaysia and Securities Commission Malaysia |
|
Launch date |
27 September 2019 |
|
Objectives |
To pursue collaborative actions for building climate resilience within the Malaysia financial sector |
|
Key targets/focus areas |
Accelerate responses towards ensuring a smooth and orderly transition to a low-carbon economy |
|
Key stakeholders |
Bursa and Industry representatives |