Terry KS Bank Negara Malaysia (BNM) today launches the joint report with the World Bank entitled “An Exploration of Nature-related Financial Risks in Malaysia”. The report uses local and global data to examine the relationship between the Malaysian financial sector and nature. It also assesses potential exposures to nature-related risks through banks’ financing activities.
The findings of this report lend impetus to the need to strengthen capacity in managing climate and nature-related risks in a coherent manner.
Bank Negara Malaysia Governor Tan Sri Nor Shamsiah said, “Ecosystem and planetary health matters to economic and financial stability. While the primary responsibility for addressing these priorities rests with the government, the financial industry and authorities have a critical interest in deepening our understanding and appreciation of the interactions between climate and nature-related risks – because how these risks evolve, both affect and are affected by, the actions of financial institutions.”
You may download the full report here.
15 March 2022
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