Malaysian banks exposed to major sources of GHG emissions risk, says new RFI study
Malaysia’s conventional and Islamic banks as well as the overall financial sector have exposure to major sources of greenhouse gas through the financing of four sectors that account for 83% of their direct emissions exposure, according to a new study.
The RFI Foundation’s “Identifying the Climate Risks Facing Malaysia's Financial System” report released on Monday (Nov 2) identifies the climate-related financial risks facing Malaysia's banking system and capital markets as a result of the greenhouse gas (GHG) emissions that result from activities financed in the economy.
The report presents a detailed top-down quantitative analysis to understand the sources – from bank financing and capital markets – of financing for the GHG emitted by both direct producers and households, according to Blake Goud, CEO of the RFI Foundation.
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