Malaysia’s journey towards achieving net zero emissions by 2050 faces challenges, particularly in the energy and transportation sectors. However, there is a growing awareness of environmental, social, and governance (ESG) concerns, with financial regulators worldwide emphasizing ESG reporting and integration in business strategies.
Recognizing the crucial role of banks in promoting sustainability, the second edition of the Malaysian Banking Conference (MBC) jointly organized by AICB and ABM focused on ESG initiatives, transition financing, and risk management to accelerate the transition to a greener economy.
The MBC served as a platform for government agencies, regulators, financial industry leaders, and sustainability experts to discuss key topics such as Malaysia’s climate initiatives, transition risks, and greening the value chain. AICB Chairman, Tan Sri Azman Hashim, highlighted the financial sector’s role in driving sustainable and climate agendas, emphasizing the importance of building capability and capacity. Dato’ Khairussaleh Ramli, ABM Chairman, stressed the need for banks to broaden their perspectives and address social impacts in addition to environmental and governance aspects.
The keynote address by Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry, emphasized the urgency of addressing climate change and called for collaborative efforts between the financial industry and the Ministry to ramp up ESG financing and investments. Minister of Natural Resources, Environment, and Climate Change, Nik Nazmi Nik Ahmad, urged Malaysian banks to embrace sustainability and cautioned against greenwashing.
The Conference featured distinguished speakers from regulatory bodies, financial institutions, and international organizations. Alongside the MBC, closed-door roundtables were held to further explore ESG issues. With over 500 delegates from local and international financial institutions, the event generated valuable discussions on sustainable banking practices.
Building on the success of MBC 2023, AICB will host the 24th World Conference of Banking Institutes (WCBI) on 28 June 2023. WCBI aims to drive conversations on essential competencies for the banking workforce and introduce new standards related to treasury risk principles and operational risk and resilience. These standards, aligned with the Global Banking Education Standards Board’s existing principles, will guide banking professionals in a rapidly changing landscape.
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L-R: Dato’ Omar Siddiq, CB, Executive Director and Chief Executive Officer, HSBC Malaysia; Datuk Mohamed Azmi Mahmood, FCB, Former Deputy Group Chief Executive Officer, AMMB Holdings Berhad; Dato’ Ong Eng Bin, FCB, Advisor, OCBC Bank (Malaysia) Berhad; Donald Joshua Jaganathan, FCB, Representative of Bank Negara Malaysia; Datuk Yvonne Chia, FCB, Independent Non-Executive Chairman, Standard Chartered Bank Malaysia Berhad; Dr Segun Aina, Chairman, Global Banking Education Standards Board, UK; Dato’ Fad’l Mohamed, FCB, Chief Executive Officer, Maybank Investment Bank Berhad; Tan Sri Azman Hashim, FCB, Chairman, Asian Institute of Chartered Bankers; YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, FCB, Minister of Investment, Trade and Industry, Malaysia; Tan Sri Dato’ Sri Dr Tay Ah Lek, FCB, Managing Director / Chief Executive Officer, Public Bank Berhad; Alastair Graham, FCIB, Secretary-General, Global Banking Education Standards Board, UK; Jefferi Mahmud Hashim, CB, Executive Director / Chief Executive Officer, CIMB Investment Bank Berhad; Simon Thompson, FCBI, Chair, Sustainable Finance Education Charter; Chief Executive Officer, Chartered Banker Institute, UK;Author, Green and Sustainable Finance: Principles & Practice; Ng Wei Wei, Chief Executive Officer, United Overseas Bank (Malaysia) Berhad; Edward Ling, Chief Executive, Asian Institute of Chartered Bankers at the 2ndMalaysian Banking Conference 2023 event recently.
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