The Securities Commission Malaysia has issued a consultation paper on the Sustainable and Responsible Investment (SRI) Taxonomy for the Malaysian capital market, with feedback expected by 31 March 2022.
The SRI Taxonomy was developed to:
- accelerate the development of the SRI asset class and promote greater awareness and adoption of sustainability practices. It seeks to set out principles and guidance that capital market participants may adopt in order to undertake sustainable economic activities;
- enable capital market participants to identify economic activities that are aligned with environment, social and sustainability objectives; and
- provide guiding principles in financing a credible transition in order to enable more companies to leverage market-based instruments in meeting their transition finance needs.
For further information on this topic please contact Pamela Kung at Shearn Delamore & Co by telephone (+60 3 2027 2911) or email ([email protected]). The Shearn Delamore & Co website can be accessed at www.shearndelamore.com.