JC3 welcomes finalised paper on climate risk in the Malaysian financial sector. [Newspaper] (2021)
Abstract
KUALA LUMPUR: The Joint Committee on Climate Change (JC3) members welcomed the finalisation of the Reference Guide on Climate Risk Management and Scenario Analysis that will be issued for public consultation in December. The committee held its sixth meeting on December 9 to discuss the progress of its current initiatives and priorities for 2022 to strengthen further the Malaysian financial sector's capacity to address climate risk. In a statement today, the committee said the Reference Guide sets expectations for financial institutions to integrate climate-related risks considerations in financial institutions' business and risk strategies. JC3 said that a TCFD-aligned Application Guide for disclosure of climate-related risks by financial institutions will also be issued for public consultation in January 2022.
| Item Type: | Newspaper |
|---|---|
| Keywords: | Financial administration, Financial risk management, Joint Committee on Climate Change (JC3), Climate risk management and scenario analysis |
| Taxonomy: | By Subject > Administrative Science & Policy Studies > Administrative Science By Subject > Business & Management > Finance |
| Local Content Hub: | Subjects > Administrative Science & Policy Studies |
| Depositing User: | Jamil Jawi |
| Date Deposited: | 28 Feb 2022 07:31 |
| Last Modified: | 28 Feb 2022 07:31 |
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