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Welcoming remarks - JC3 Journey to Zero Conference 2023

· Abdul Rasheed Ghaffour, Governor of the Bank Negara Malaysia (Malaysia)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, climate, energy and nature

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· Abdul Rasheed Ghaffour · Bank Negara Malaysia WikiWelcoming remarks - JC3 Journey to Zero Conference 2023

ContextWelcoming remarks by Abdul Rasheed Ghaffour, Deputy Governor of the Central Bank of Malaysia (Bank Negara Malaysia), at the JC3 Journey to Zero Conference 2023, Kuala Lumpur, 23 October 2023.

Why it mattersThe governor warns banks against greenwashing in transition plans.

Problems raised
  1. Unprecedented climate events have occurred.
  2. Financial institutions are exposed to climate risks.
  3. Risk of greenwashing is increasing.
Solutions proposed
  1. Develop guidance on transition plans.
  2. Align business strategies with climate goals.
  3. Guard against greenwashing.
Read full speech on bis.org ↗

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