Malaysia's Securities Commission (SC) recently unveiled the Principles-Based Sustainable and Responsible Investment Taxonomy for the Malaysian Capital Market (SRI Taxonomy). The SRI taxonomy aims to provide clarity on proper and consistent identification and classification of economic activities and the definition of sustainable investments. The SRI Taxonomy also seeks to address concerns about mitigating and managing the risks of greenwashing.
The SC undertook the development of the SRI Taxonomy in collaboration with the industry through an Industry Working Group (IWG). The World Bank Group Inclusive Growth and Sustainable Finance Hub in Malaysia was the Lead Technical Expert of the IWG. The working group also had representatives from Bursa Malaysia, asset and fund management companies, investment banks, asset owners, and other sustainable finance specialists.
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