Mohammad Faiz delivering his opening speech during the Sustainable And Responsible Investment Conference 2024 today.– BernamapicThe Malaysian capital market is urged to facilitate fundraising and investments to support the government's priorities in achieving its sustainability and climate goals.
“Under CMP3 and the SRI Roadmap, the SC continues to develop a robust SRI ecosystem in Malaysia. This includes introducing innovative capital market products to meet the diverse needs of businesses and investors, he said in his keynote address at the SIDC Sustainable and Responsible Investment Conference 2024: Investing in Human Wellbeing and the Planet today.“As of December 2023, there were 68 SRI funds with a net asset value of RM7.
“Once the framework is in place, it will hopefully act as a ladder for smaller companies to use to grow. This is in line with the Madani Economic Framework to be more inclusive and helpful to the smaller players. The five-year roadmap is the latest in a series of measures we have launched over the years to support the MSME and MTC sectors which in 2022, contributed about 74% to our GDP and employed some 64% of the Malaysian workforce,” he pointed out.
“The annual average energy investment over the last three years, according to the report, was US$72 billion, but would need to increase to over US$130 billion to align with the Announced Pledges Scenario of countries in the region by the end of the decade.