Malaysia Strengthening Its Position as a Regional Green Financing Hub Within ASEAN: Climate Bonds Initiative

Malaysia has reinforced its long-term positioning as a regional hub for green and sustainable finance, boosting the issuance of sustainability bonds by the Association of Southeast Asian Nations (ASEAN). According to the ASEAN Sustainable Finance State of the Market 2020 report (a collaboration between HSBC and the Climate Bonds Initiative), the Malaysian sustainability bond and Sukuk market is currently valued at USD 2.6 billion.

Why it Matters?

Malaysia is targeting to become an international centre for sustainable Islamic finance and green sukuk. This will be supported by key policy developments such as Malaysia’s Joint Committee on Climate Change (led by Bank Negara Malaysia and the Securities Commission Malaysia). These initiatives are antic...