Climate Finance Summit

13 July 2023

Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur

Climate finance in Malaysia currently falls short of meeting the funding requirements for the country's various climate objectives. The potential for further development in this area remains largely untapped.

Our goal is to bring together businesses, regulators, financiers & members of the public to identify Malaysia's position in the global climate narrative, and to explore ideas on how to accelerate the financing of the country's mitigation and adaptation efforts.

About the Summit

Join us for Malaysia's inaugural Climate Finance Summit (CFS), where public, regulatory, civil society, and private sector leaders will unite in a collaborative effort to seek innovative solutions and bridge the knowledge and capability gaps between different stakeholders.

The summit offers a unique opportunity to gain fresh perspectives and insights on the state of climate finance through constructive and fact-based discussions. With a focus on three core themes - The Future of Climate Finance, Scaling up Private Sector Climate Finance, and Lessons from the Net Zero Path - the summit promises to deliver unparalleled value for attendees seeking to navigate the complex landscape of climate financing.

Download the Infopack here

Download the Summit Report here

Agendas

The Future of

Climate Finance

- sponsored by Allianz

The latest UN report on climate finance calls for $1 trillion annually to combat climate change in developing nations. Developed countries are implementing carbon taxes and ETS policies to curb emissions and fund green initiatives. More recently, the EU announced the world's first Carbon Border Tax to address carbon leakage.

With Malaysia's climate financing policies still at its infancy, what does the future of climate finance look like in Malaysia? This panel looks into which policy tools are best suited for Malaysia's context, the role of financial institutions in climate financing, and the impact of other regions' climate financing policies on Malaysia.

Scaling up Private Sector

Climate

Finance

There is an apparent financing gap of what is required for the Malaysia economy to reach net zero. Climate financing will be required to facilitate large-scale economic transformation and deep decarbonisation across all sectors of the economy needed to achieve the country's Net Zero ambitions. Along with public and development funds, private financiers play a crucial role.

There is a need to develop a broad range of financial products and instruments such as short term loans & long term loans, working capital financing, trade finance, contract finance, project finance & more to meet financing, investing, hedging, market liquidity, and funding needs of players in transition. What climate finance products & instruments are available to corporates & SMEs in Malaysia?

Lessons from the

Net Zero Journey

Companies worldwide are pledging to reach Net Zero, including in Malaysia, although progress has been slower. PETRONAS, PNB, & IOI are just some of the companies that have committed to reaching Net Zero by their respective timelines. However, achieving this goal requires significant investments in decarbonizing operations and rethinking business models.

This panel will examine how industry giants in the conglomerate, energy, and financial sectors finance their journey towards Net Zero and share key lessons learned so far.

Featured Speakers

YB Tuan Nik Nazmi bin Nik Ahmad

Minister of Natural Resources, Environment and Climate Change
Professor Dr. Jomo Kwame Sundaram

Senior Advisor at the Khazanah Research Insitute and Visiting Fellow at Columbia University
Luanne Sieh

Senior Managing Director, Head of Group Sustainability, CIMB Group; Working Group Chair, CEO Action Network
Muazzam bin Mohamad

Senior Vice President and Head of the Investment Stewardship (“IS”) Division of Permodalan Nasional Berhad
Liza Mustapha

Executive Vice President and Group Chief Financial Officer of PETRONAS
Yasuhiko Matsuda

Country Manager, World Bank
Asilah Azil

Partner, McKinsey Singapore’s Office
Dato' Omar Siddiq Bin Amin Noer Rashid

Non-Independent Executive Director and Chief Executive Officer, HSBC Bank Malaysia Berhad
Tan Sri Abdul Wahid Omar

Chairman of Bursa Malaysia and Chairman of WWF-Malaysia
Dr. Surina Ismail

Group Head of Sustainability, IOI Corporation Bhd.
Fraziali Ismail

Assistant Governor, Bank Negara Malaysia