Sustainable Finance Initiatives
Initiatives: Ecosystem Stakeholders
| Organisation | Initiative | Summary | Target Areas |
|---|---|---|---|
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Joint Committee on Climate Change (JC3) | The Joint Committee on Climate Change (JC3) outlined initiatives to strengthen Malaysian market's capacity to manage climate-related risk and enhance their role in green finance. They hope to develop guidance documents on risk management and scenario analysis to complement their Climate Change and Principles-Based Taxonomy (CCPT). The committee will also broaden engagements with relevant stakeholders to identify and enable the structuring of green financial products and solutions.
The JC3 comprises of five sub-committees which focuses on specific topics that manage exposures to climate risks and facilitate businesses on their transition towards sustainable practices. The five sub-committees will focus on: risk management, governance, and disclosure; product and innovation; and engagement and awareness. |
Environmental, Social, Governance |
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Sustainable Investment Platform (SIP) | Jointly established by the Institutional Investors Council Malaysia (IIC) and CMM, SIP supports institutional investors and the fund management industry in building the depth of sustainable and responsible investment (SRI) strategies which align financial returns with broader ESG priorities. | Environmental, Social, Governance |
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Centre of Sustainable Corporation (CSC) | Leading and working with strategic partners, CMM will establish regional centres of excellence (COEs) to accelerate capabilities of Malaysia's industry players in sustainable and responsible investing (SRI). The COEs will help develop expertise and position Malaysian corporates as sustainable investment targets for foreign investors. Activities include capacity building, coaching and annual sustainability events. | Environmental, Social, Governance |
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Bond+Sukuk Information Exchange (BIX) | Under the auspices of the Securities Commission (SC) Malaysia, BIX fosters better transparency in both primary and secondary markets with comprehensive and up-to-date information on bonds and sukuk (Islamic bonds) issued in Malaysia. | Social, Governance |
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CEO Action Network | A network of leaders in leading Malaysian businesses engaged in business and sustainability advocacy, capacity building, and supporting sustainability performance. CEOs of member organisations are committed to support action-oriented and action-motivated sustainability agendas. | Environmental, Social |
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Climate Governance Malaysia | A network of non-executive directors working towards steering their respective businesses towards effective climate transition strategies. The Malaysian chapter of the World Economic Forum's Climate Governance Initiative. | Environmental |
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UN Global Compact Network Malaysia & Brunei | A membership-based business sustainability platform to assist private sector entities in Malaysia and Brunei that enables private sector sustainability performance to raise their SDG ambition and achieve business excellence. Encourages alignment of business strategies and operations with the Ten Principles of human rights, labour, environment and anti-corruption, and to take actions that advance broader societal goals (e.g. SDGs). | Environmental, Social, Governance |
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30% Club (Malaysia Chapter) | A global campaign, the 30% club provides guidance, resources, and opportunities for members through investor groups, mentoring, scholarships and more to increase gender diversity at board and executive committee levels. Membership is free, and member organisations strive to achieve beyond 30% female representation on their boards or EXCOs. | Social, Governance |