British Malaysian Chamber of Commerce webinar tomorrow

"The reality is that climate change is an existential threat to humanity.

It is also a threat that humanity itself helped to create and must now, with the strongest vigour, mitigate.

The financial sector has a central role in this effort. Policymakers, supervisors and those responsible for managing financial institutions must strategically consider how we respond to climate risks.

Financial institutions are exposed to liability risks, asset impairment, and rising claims arising from climate-related risk.

The materialisation of these risks can impact and disrupt financial intermediation activities, in turn amplifying climate-related risks to the economy.

Such risks are already clear and present, and they will intensify if we do not take steps to alter course."

Bank Negara Governor Datuk Nor Shamsiah Mohd Yunus
Keynote Address at the Launch of the World Bank
Sustainable and Inclusive Finance Forum
6 October 2020

Read the rest of the keynote address

The world is just a decade away from its 2030 deadline to deliver on the UN Sustainable Development Goals (SDGs), yet just 60% of the financing needed to achieve the SDGs in emerging markets is being met.

Do we have the potential for a sustainable leapfrog to address the sustainability challenges and capture the opportunities that come from managing risks effectively and driving mitigation efforts?

Tomorrow, join us at the British Malaysian Chamber of Commerce's Green Conference 2020 "Sustainable Finance: A Blueprint for Green Recovery" at 2:00pm - 5:30pm (Tuesday 17 November 2020) for an in-depth discussion with our esteemed speakers and experts for more insights, co-organised by CGM.

Aside from Datin Seri Sunita Rajakumar, Founding Chairperson at Climate Governance Malaysia, other speakers include:

YB Senator Tengku Dato’ Sri Zafrul Tengku Abdul Aziz, Finance Minister of Malaysia at Ministry of Finance Malaysia.
Alderman William Russell, Lord Mayor of the City of London.
H.E Charles Hay MVO, British High Commissioner to Malaysia at British High Commission Kuala Lumpur.
Abrar A. Anwar, Managing Director & Chief Executive Officer of Standard Chartered Malaysia.

Climate Governance Malaysia will also be participating in the Asian Corporate Governance Association conference on 25 November 2020, followed by 2 workshop sessions on 2 & 16 December 2020. Watch out for Karina Litvack, the founder of the World Economic Forum's Climate Governance Initiative who will be speaking on 16 December 2020.

We are looking forward to the upcoming webinar at 2:30pm on Thursday 3 December 2020 with YBhg. Tan Sri Jemilah Mahmood, Advisor to the Prime Minister, who will be sharing her views on the climate emergency and how the region needs to focus on increasing resilience. The conversation will be moderated by YBhg. Datuk Johan Raslan.

Readers are eligible for a discount at our partner event The Economist's inaugural Climate Risk Asia Week on 30 Nov - 4 Dec 2020 (discount code in the poster below).

Climate Governance Malaysia is starting a membership drive to invite businesses to support this important conversation and CGM's resource centre, as well as benefit from 2 personal briefings to your board of directors and C-Suite on climate governance, including managing climate risks and increasing climate resilience.

Make this investment: email us today at climategm@icdm.com.my and start your journey in future proofing your business.

I would like to support CGM

Upcoming Events

Don't miss this! The Economist is running its inaugural Climate Risk Asia Week featuring our Central Bank Governor on 30 November - 4 December 2020.

CGM readers are eligible for a discounted rate for The Economist's Climate Risk Asia Week, details are in the poster below.

Did you know? Complimentary passes available for our lucky readers have all been taken up. Sponsors of CGM in 2019-2020 are also eligible for these free passes.

Resources

Our showcase on 17 Sept 2020 during Climate Week New York attracted over 3000 visitors, watch this webinar again and listen to the ways in which individuals and businesses are increasing our collective climate resilience.

We were unable to address all the audience questions during the event, but have compiled the panellists' responses here.

CGM is planning two follow-on events: Forest Conservation in January 2021, and Marine Conservation in March 2021.

Sign up for our newsletter, so we can keep you posted on these events, as well as other CGM events.

About Us

This newsletter highlights activities of Climate Governance Malaysia, the Malaysian Chapter of the World Economic Forum's Climate Governance Initiative.

Since its launch in May 2019, CGM has organised for over 40 events, seeking to close the gaps between established science, expectations of prudential regulators and understanding of boards of directors.CGM is virtually housed under the Institute of Corporate Directors Malaysia.

The climate crisis is visibly disrupting business. It is driving unprecedented physical impacts, such as rising sea levels and increased frequency of extreme weather events. At the same time, policy and technology changes that seek to limit warming and reduce the associated physical impacts can also cause great disruption to business.

As with any form of disruption, climate change is creating and will continue to create risks and opportunities for business in a diverse number of ways. Read more about this initiative here.

Do encourage your fellow directors, management team and interested parties to sign up for news.

Click the above visual to browse our website: there's lots of reference materials, it's an easy one-stop place to sign up to events and read the blog posts.

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