All Malaysian FIs will be expected to adopt basic recommendations set out in the application guide and encouraged to adopt more sophisticated 'stretch' recommendations.
April 4, 2022Guidance on climate risk management, scenario analysis and disclosures will be issued for consultation. Specialised training will be introduced in 2022.
December 13, 202112 members of Malaysia's Joint Committee on Climate Change have committed to early adoption of the taxonomy, ahead of the July 2022 deadline.
August 5, 2021The document introduces a progressive system of transition categories to acknowledge concrete efforts and commitments by businesses to adopt sustainable practices.
May 3, 2021This month, 12 financial institutions will commence a pilot to implement a principles-based taxonomy for classifying climate risk, one of a number of initiatives to build climate resilience.
September 17, 2020Malaysia's central bank will use the reported data to set new regulatory standards that better reflect the risks from climate-related exposures.
October 2, 2019