SC chairman Datuk Seri Dr Awang Adek Hussin believes that the SRI Taxonomy presents a significant opportunity to ensure the standardisation and comparability of SRI assets.
"It allows for proper and consistent identification and classification of various types of economic activities aligned with environmental, social and sustainability objectives. Awang Adek noted that Malaysia was one of the earliest countries in the region to release specific guidelines on SRIs to facilitate sustainable financing and investments, as well as encourage this segment’s growth.
Awang Adek said the environmental component of the SRI Taxonomy is aligned with the Foundation Framework of the ASEAN Taxonomy for Sustainable Finance Version 1 and Bank Negara Malaysia’s Climate Change and Principle-Based Taxonomy .