BNM to finalise climate and principles-based taxonomy soon

by Theleaders-Online | October 6, 2020 3:31 am

KUALA LUMPUR: Bank Negara Malaysia (BNM) will soon finalise a “Climate Change and Principles-based Taxonomy” to help align understanding and assessments of risk, says governor Datuk Nor Shamsiah Mohd Yunus.

She said the taxonomy would provide a common language to categorise economic activities based on their impact on climate change.

“It is also intended to facilitate financial flows to activities that support the transition to a lower carbon economy,” she said when delivering her keynote remarks at the Sustainable and Inclusive Finance Forum launching ceremony here, today. -Bernama

Source URL: https://theleaders-online.com/bnm-to-finalise-climate-and-principles-based-taxonomy-soon/

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