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The Toolkit guides corporates in search of capital for his or her transition finance wants in the direction of the event of credible, science-based transition plans.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 2 April 2024 – Capital Markets Malaysia (“CMM”), an affiliate of the Securities Fee Malaysia (“SC”) in collaboration with the Local weather Bonds Initiative (“Local weather Bonds”) right this moment launched its interactive Transition Technique Toolkit (“toolkit”) that’s geared toward supporting native and regional efforts in the direction of the worldwide web zero objective by leveraging transition finance amongst mature and mid-tier corporates. The toolkit is designed to supply companies in ASEAN in search of to draw capital for his or her transition wants with insights on constructing credible science-based local weather transition plans which can be aligned to the Paris Settlement targets or respective nationwide local weather targets.
The toolkit particulars the underlying rules and parts to be included when growing local weather transition plans, by guiding customers via the Local weather Bonds 5 Ideas for an formidable transition, enabling traders to simply establish investments that assist a low-carbon transition.
Datin Azalina Adham, Managing Director of the SC and Board Member of CMM mentioned, “The Transition Technique Toolkit takes a consultative strategy in providing steerage to companies working throughout ASEAN as it’s designed to contemplate the precise nuances of decarbonisation targets of every ASEAN nation, whereas offering a benchmark in opposition to the Local weather Bonds Initiative’s formidable transition methodology.
“Malaysian corporates embarking on their transition methods, monetary establishments providing transition financing and institutional traders trying to put money into credible transition tasks will discover the Toolkit helpful in figuring out and assessing plans, targets and targets that meet globally accepted transition rules.
“The launch of this Toolkit builds on the SC’s continued efforts to assist Malaysia’s carbon impartial aspirations specified by latest coverage initiatives such because the Nationwide Industrial Masterplan 2030 and the Nationwide Power Transition Roadmap by offering finest apply steerage to companies in search of to draw capital for transition tasks that may advance our nationwide local weather agenda. Whereas we progress on our journey to carbon neutrality, you will need to make sure that the rules for a simply transition are adhered to,” she added.
CEO and Founding father of Local weather Bonds, Sean Kidney mentioned, “We’re delighted to collaborate with CMM to develop this toolkit for ASEAN companies. Transition plans are important within the journey in the direction of the Paris targets. They should be constructed on clear targets, efficient methods, ample monetary assist, and unwavering management. Harmonisation of key rules underpinning transition plans will encourage the circulate of inexperienced capital to ASEAN companies.”
The net-based Toolkit utilises an interactive query and reply (Q&A) interface that begins with a danger evaluation supported by key definitions and the CBI methodology to supply important and systematic steerage on areas to contemplate when growing complete transition plans. By going via the interactive Q&A, companies will have the ability to decide the place they stand and establish key areas to handle to attain the 5 Hallmarks which can be absolutely aligned with and construct on the thematic tips from the Worldwide Capital Market Affiliation (ICMA), in addition to the disclosure necessities from the Activity Power on Local weather-Associated Monetary Disclosures (TCFD).
The hallmarks embrace Paris-aligned efficiency targets, sturdy plans with a transparent step-by-step qualitative implementation plan in the direction of targets, actions being applied with recognized metrics and indicators to evaluate supply, governance of accountability mechanisms and management programs wanted to drive the transition in addition to clear disclosures for credibility and comparability throughout nationwide and world friends.
Along with the launch of the toolkit, CMM hosted a webinar on Transition Finance in ASEAN on 27 March that includes audio system from the Local weather Bonds Initiative, UK Transition Plan Taskforce (TPT) and the Securities Fee Malaysia, highlighting latest world initiatives in supporting transition finance.
For extra data on the toolkit go to https://www.capitalmarketsmalaysia.com/transition-strategy-toolkit/.
Hashtag: #CapitalMarketsMalaysia #ClimateBondsInitiative #TransitionStrategy #ClimateTransition #TransitionFinance
https://www.capitalmarketsmalaysia.com/
https://www.linkedin.com/firm/capital-markets-malaysia-cmpercentC2percentB2-/https://www.capitalmarketsmalaysia.com/transition-strategy-toolkit/
The issuer is solely accountable for the content material of this announcement.
Capital Markets Malaysia
The Securities Fee Malaysia (“SC“) arrange Capital Markets Malaysia (“CMM“) in 2014 to spearhead the native and worldwide positioning in addition to profiling of the Malaysian capital market. Funded by the Capital Markets Growth Fund, CMM showcases the competitiveness and attractiveness of the varied segments of the Malaysian capital market – to advertise worldwide participation and improve alternatives for home capital market intermediaries. CMM works to assist the development of those entities via numerous initiatives and partnerships, specializing in 4 key areas: sustainable finance and investing, the Islamic capital market, the digital market, and capital market funding alternatives via the personal market. For extra data, go to the CMM web site at www.capitalmarketsmalaysia.com.
Local weather Bonds Initiative
Local weather Bonds Initiative is a global organisation working to mobilise world capital for local weather motion, via the event of the Local weather Bonds Normal and Certification Scheme, Coverage Engagement and Market Intelligence work, in addition to empowering Associate organisations with the instruments and data wanted to navigate, affect, and instigate change. For extra data, go to the Local weather Bonds Initiative web site at www.climatebonds.web.
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