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Bank Negara Malaysia has issued a discussion paper on “Climate Change and Principle-based Taxonomy.” The discussion paper aims to provide an overview of climate change and its impact to the financial system. It serves as a guidance to facilitate financial institutions in identifying and classifying economic activities that could contribute to climate change objectives.
The Bank invites written feedback on this discussion paper, including suggestions for particular areas to be clarified or elaborated further and any alternative proposals that the Bank should consider.
Feedback must be submitted to the Bank by 31 March 2020.
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