Media Releases
RFI Foundation estimates the financed greenhouse gas emissions in Malaysia’s financial system
Many of the global investors who are signatories to UN-convened Net Zero Asset Owners Alliance and who collectively manage $5 trillion in assets, are among shareholders in Malaysian financial institutions and financial assets in Malaysia like bonds, sukuk and equities. Financial institutions and investors should consider GHG emissions as a potential future cost when evaluating the future financial prospects of companies they finance. Their investors already are.
RFI Foundation comments on the Malaysian green taxonomy and its alignment with Islamic finance
The RFI Foundation provided detailed comment on Bank Negara Malaysia’s discussion paper “Climate Change and the Principle-based Taxonomy”. Released at the end of 2019, the discussion paper provides a detailed classification system for green and brown activities financed by banks and insurers in Malaysia, including Islamic banks and takaful operators.
Islamic banking leaders explore the role of responsible and sustainable finance in reshaping value creation
The RFI Foundation and Dubai Islamic Economy Development Centre (DIEDC) organized a half-day roundtable event on responsible and sustainable finance, hosted by Bank Negara Malaysia. The high level participants discussed and shared experiences in adopting responsible finance best practices.