Bank Negara, SC-led panel calls for accelerated climate actions
KUALA LUMPUR: The Joint Committee on Climate Change (JC3) has reaffirmed the need to accelerate the shift from commitment to mobilising practical solutions, with priorities on energy transition, climate resilience, and stronger mechanisms to measure and report outcomes.
The Joint Committee on Climate Change (JC3) has emphasized the urgency of accelerating climate action, with a focus on energy transition, climate resilience, and improved measurement and reporting mechanisms. The National Sustainability Reporting Framework (NSRF) Guidance Documents, issued by Bank Negara Malaysia and the Securities Commission (SC), aim to assist financial institutions and insurers in navigating the challenges of sustainability reporting.
These guidelines will help address common implementation issues, including risk assessments, strategy disclosures, and the use of metrics and targets. The guidance also supports the efforts of the Advisory Committee on Sustainability Reporting in providing capacity-building support for scoped-in entities. Additionally, the JC3 members agreed to fully adopt the Asean Taxonomy for Sustainable Finance as the basis for the Malaysia Taxonomy, which will enhance regional interoperability, consistency, and comparability in sustainable finance.
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