In conjunction with the Finance Day at COP-27^[1], Bank Negara Malaysia (BNM) in collaboration with financial institutions and strategic partners launched the Greening Value Chain (GVC) Programme.

The GVC programme aims to assist Malaysian SMEs in implementing impactful, long-term change to green their operations. This can be achieved through offering of technical advice by participating organisations^[2] and transition financing from the Low Carbon Transition Facility (LCTF)^[3]. The GVC programme employs a blended approach of facilitation, comprising technical training and on-site diagnosis.

BNM Governor Tan Sri Nor Shamsiah said, “Malaysia is an exporting nation. Many Malaysian SMEs form part of global supply chains^[4] that need to adapt to the changing policies of our trade partners to remain resilient and globally competitive. This includes addressing value chain emissions to keep pace with the global race towards Net Zero and to prepare for policies that may be imposed by our trading partners. The GVC programme is one step in helping SMEs make this important transition.”

For further enquiries about GVC, please contact BNMLINK through telelink.bnm.gov.my.

Footnotes

^[1] United Nations Framework Convention on Climate Change Conference of Parties in Egypt. 

^[2] Malaysia Green Technology and Climate Change Corporation (MGTC), Pantas Software, Kossan Rubber Industries, Joint Committee of Climate Change Sub Committee 3 (JC3 SC3) Product and Innovation

^[3] Further information on funds available for SMEs including the LCTF can be found at bnm.gov.my/funds4sme.

^[4] SMEs play an important role in the Malaysian economy and society, contributing 37.4% of GDP and 47.8% of total employment.