JC3 to host Flagship Event on Climate Change - FinanceforChange Virtual Conference from 23-25 June 2021Embargo : For immediate release Not for publication or broadcast before 1400 on Thursday, 10 June 2021
10 Jun 2021
The Joint Committee on Climate Change (JC3) is pleased to announce that it will host its flagship event on climate change, FinanceforChange Virtual Conference, from 23 to 25 June 2021. The conference aims to share knowledge, best practices and solutions in tackling climate change. Local, regional and global leaders in their fields, including financial practitioners, policymakers and advocates, will discuss a broad range of topics to inform and encourage actions by the financial sector in leading and supporting the transition to a greener economy.
“The financial sector is uniquely placed to play a catalytic role in enabling the transition towards a low-carbon economy. Given the central role of the financial sector in the economy, financial institutions need to take more concrete actions to scale up sustainable finance, and to advance climate risk management and adaptation, as well as climate-related disclosures,” said Jessica Chew, Deputy Governor, Bank Negara Malaysia and Co-Chair of JC3.
The conference is another key initiative towards reinforcing the importance of a sustainable future for Malaysia. According to Datuk Zainal Izlan Zainal Abidin, Deputy Chief Executive, Securities Commission Malaysia and Co-Chair of JC3, "By bringing various financial players onto one platform, FinanceforChange encourages inter-industry collaborations and public-private partnerships. The responsibility for tackling climate change rests with all of us, thus we must give this critical issue our collective attention and effort."
The conference will feature more than 70 notable speakers including Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Finance; Tan Sri Dr. Jemilah Mahmood, Special Advisor on Public Health to Prime Minister of Malaysia; Datuk Nor Shamsiah Mohd Yunus, Governor BNM; Datuk Syed Zaid Albar, Executive Chairman SC; Sir David Attenborough, Broadcaster and Naturalist; and Lewis Pugh, United Nations Ocean Advocate.
The first two days of the conference will focus on the financial sector, and how sustainability can be integrated into business decision-making at the board and management levels. The agenda includes practical workshops and case studies, with parallel technical tracks for financial practitioners in institutional banking, consumer banking, asset management, insurance and takaful, as well as key support functions such as human resources, procurement and facilities management.
The agenda for the third day of the conference is curated for the private sector, including clients and investees of Malaysian financial institutions. Participants will benefit from a better understanding of how changing regulations and requirements, such as the recently launched Climate Change and Principle-based Taxonomy, will impact them as borrowers and investees. Participants will also learn more about the significant opportunities presented by the green agenda and sustainable finance.
Businesses and the public are invited to be part of the climate change conversation by signing up for the FinanceForChange Virtual Conference. Registrations and event details can be found at https://jc3conference.msfi.com.my/.
Bank Negara Malaysia
Securities Commision Malaysia
10 June 2021
The JC3 is a platform established in September 2019 to pursue collaborative actions for building climate resilience within the Malaysia financial sector. The JC3 is co-chaired by Jessica Chew Cheng Lian, Deputy Governor Bank Negara Malaysia and Datuk Zainal Izlan Zainal Abidin, Deputy Chief Executive Securities Commission Malaysia with members comprising senior officials from Bursa Malaysia and 19 financial industry players as well as relevant experts. The JC3’s initiatives and priorities are anchored by its four sub-committees, namely Risk Management; Governance and Disclosure; Product and Innovation; and Engagement and Capacity Building.
Bank Negara Malaysia
10 Jun 2021
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