Joint Committee on Climate Change Outlines Initiatives to Strengthen Climate-Related Risk in Financial Industry

The Malaysian Joint Committee on Climate Change (JC3) outlined initiatives to strengthen their market’s capacity to manage climate-related risk and enhance their role in green finance. They hope to develop guidance documents on risk management and scenario analysis to complement their Climate Change and Principles-Based Taxonomy (CCPT). The committee will also broaden engagements with relevant stakeholders to identify and enable the structuring of green financial products and solutions.