JC3 calls for financial sector to accelerate response to climate change efforts

Securities Commission deputy chief executive Datuk Zainal Izlan Zainal Abidin

KUALA LUMPUR: The recent global developments can heighten the prospects of delaying the progress of the financial sector’s transition to undertake sustainability efforts and underscore the need for the sector to strengthen its response to climate change, said the Joint Committee on Climate Change (JC3).

JC3, which is co-chaired by Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC), comprises Bursa Malaysia Bhd and 19 other industry participants.