Expansion of VBI Sectoral Guides is Good for Responsible Finance Development

Sector guides on oil & gas, construction & infrastructure and manufacturing expand the range of reference points for Malaysia’s banks to identify ESG risksNew guides lay out parameters for Islamic banks to incorporate the balancing act of different trade-offs through their Shariah governance processRecognizing that different approaches to ESG trade-offs, even within the same responsible finance framework, can lead to different outcomes helps Islamic banks define the unique elements of their ESG strategy

The Value-based Intermediation Community of Practitioners has released its second series of sectoral guides covering oil & gas, manufacturing, and construction & infrastructure. These guides are important reference points for financial institutions operatin...