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THE role of financial institutions (FIs) has evolved from just being an intermediary for borrowing and lending to being the driver of capital in the transition towards a green and sustainable future. ....
For Malaysia to meet its net zero emissions by 2050, much of the estimated investments and funding needed – ranging between RM350bil to RM450bil – is expected to come from private sector sources. ....
KUALA LUMPUR: The recent global developments can heighten the prospects of delaying the progress of the financial sector’s transition to undertake sustainability efforts and underscore the need for the sector to strengthen its response to climate change, said the Joint Committee on Climate Change (JC3). ....