About 11.7 pct of assets exposed to climate change, Malaysian banks stepping up efforts - Azman Hashim

02/10/2021 10:46 PM

KUALA LUMPUR, Oct 2 -- Chartered Bankers play a key role in their respective financial institutions to support Bank Negara Malaysia’s (BNM) initiatives to strengthen the sector’s capacity in managing climate-related risks and build greater sustainability.

These include embedding climate-related analysis into core capabilities, such as investment portfolios, credit analysis, capital adequacy, development of new investment products and services, risk management, and business continuity management.

According to BNM, as of November 2019, about 11.7 per cent of the assets held by financial players in Malaysia are in sectors potentially exposed to climate change.

“We are seeing banks stepping up their efforts, developing new analytical tools and approaches to integrate climate risk management within their banks.

“Chartered Bankers can play a key role to drive these initiatives which will strengthen the resilience of the banks and complement the country’s sustainable development goals,” said Asian Institute of Chartered Bankers (AICB) chairman, Tan Sri Azman Hashim.

He also said banks should remain focused and committed to the broader set of environmental, social and governance (ESG) agendas and where necessary, initiate additional initiatives.

“As such, capacity building remains essential to developing professional bankers with the right mindset, skills and competency which will further cultivate a strong ethical culture and support the sustainability agenda,” said Azman.

AICB chief executive Edward Ling said that “anchored on a strong foundation of ethics and professionalism, the globally recognised Chartered Banker programme, which equips bankers with extensive knowledge and the professional requirements pertaining to banking, empower them to form a sound judgment and make good decisions to ensure the sector’s successful transition to a responsible and sustainable industry”.

Azman and Ling were addressing the recipients at AICB’s 4th Chartered Banker Conferment Ceremony (virtual) where AICB conferred the Chartered Banker status to 276 bankers.

The Chartered Banker programme is awarded jointly with the Chartered Banker Institute, UK, the only institute globally that can award this status.

AICB now has a total of 511 Chartered Bankers, a 49.6 per cent increase compared to 2019.

In addition, there are more than 900 bankers who are at various stages of progression in the Charted Banker programme.

AICB’s Council Members were also present at the conferment ceremony.


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