CLIMATE risk and banking are closely intertwined as the financial sector is not only exposed to the risks associated with heavy carbon emitting industries but also vulnerable to the broader impacts of climate change.
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The government's economic policy, although not a complete failure, is in need of improvement to generate more Malay tycoons in the country.
According to Bank Muamalat.
CLIMATE change poses significant risks to the stability of the economy and as such, it is imperative for financial institutions to understand its complexities, and build their capabilities and capacity to mitigate climate-related risks in their operations, investments and lending practices.
KUALA LUMPUR: The Asian Institute of Chartered Bankers (AICB) urged the financial sector to develop the right talent to support financial institutions in their sustainability and green transition journeys in view of the sustainable revolution reshaping Malaysia’s banking and financial landscape.