Page 118 - SC SCAR 2023 ENGLISH Flipbook

PART 4 STRATEGIC ENGAGEMENTS WITH STAKEHOLDERS
SC–BNM State-Level Outreach
In 2023, the SC and BNM jointly led a series of engagements with relevant stakeholders of certain states in Malaysia. On 27 to 28 February 2023, the SC and BNM met with relevant ministries, government agencies, and other key stakeholders in Kuching, Sarawak. The engagements aimed to gain insights into Sarawak’s strategies for sustainability, as well as to discover potential areas of collaboration. Further, the SC and BNM participated in a study visit to Penang and Kedah on 22 and 24 July 2023, to understand the progress and challenges faced by businesses including SMEs to adopt sustainable practices into their respective businesses.
CMM-UN Global Compact Network Malaysia and Brunei–JC3 Sub-committee 3 CFO and Banker Roundtable
On 7 August 2023, a roundtable was jointly organised by CMM, UN Global Compact Network Malaysia and Brunei (UNGCNMB) and Sub-Committee 3 of the JC3 with bankers and CFOs of PLCs to gain a better understanding of the sustainable finance action plans of PLCs, to enable bankers and chief financial officers (CFOs) to collectively identify opportunities in driving the sustainable finance agenda in Malaysia and to explore the use of sustainable finance products such as the SRI-linked sukuk and sustainability- linked loans.
Technical Engagements with Principal Advisers on Sustainability-Linked Corporate Bonds and Sukuk to Build Capacity and Awareness
Following the launch of the SRI-Linked Sukuk Framework in June 2022 and the ASEAN Sustainability-Linked Bond Standards in October 2022, the SC conducted one-on-one technical engagement sessions with several principal advisers throughout 2023 to build capacity and awareness on the newly introduced frameworks. Considering the pivotal role that principal advisers play in providing guidance to relevant stakeholders in the corporate bond and sukuk space, the engagement sessions aimed to provide a platform for principal advisers to engage in discussions with the SC on the foregoing matters. Further, the engagement sessions also served as an avenue for the industry to provide feedback on the relevant requirements pertaining to the aforesaid matters.
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