Nationally Determined Contribution: Reduce GHG emissions intensity of GDP by 35% by 2030 (conditional) with a further 10% conditional on support from developed countries).
Increase renewable energy target from 2% to 20% by 2025.
8% savings from energy efficiency by 2025
maintain at least 50% of its land area under forest cover to keep its pledge made during the Rio de Janeiro Earth Summit in Brazil in 1992
By 2025, conserve at least 20% of terrestrial areas and inland waters
By 2020, conserve at least 10% of coastal and marine areas
By 2020, all vulnerable ecosystems have been mapped and by 2025, 50% of these ecosystems are legally protected
By 2025, 100% of all timber and timber products are sustainably managed (i.e. certified under schemes such as MTCS, FSC, etc.)
By 2025, 50% of all agricultural areas are sustainably managed (i.e. certified under schemes such as MSPO, RSPO, MyGAP, etc.).
By 2025, 20% of fish catch are through sustainable fisheries programmes (i.e. certified under schemes such as GAP, MSC etc.).
BNM and Securities Commission are developing taxonomy, currently open for consultation
BNM will require financial institutions to report their exposures to climate risks
BNM will work with the industry to implement the Task-force on Climate-related Financial Disclosures (TCFD) recommendations
Committee on Climate Change
BNM and SC established a Joint Committee on Climate Change to pursue collaborative actions for building climate resilience in the Malaysian financial sector
- Climate Change
- Protected Areas
- Sustainable Production
- Sustainable Banking
Success stories of Malaysia
In our Banking Assessment (SUSBA) the overall scores improved by 30%. Two Malaysian banks are in the top 10 out of the 35 banks assessed, and one observed the 2nd largest improvement in score.
The central banks issued the value-based Intermediation Financing and Investment Impact Assessment Framework (VBUAF) in 2019 a guidance document on ESG integration for the islamic arm of banks. WWF contributed significantly to the development of this guidance. WWF has been assigned the role of “Technical Experts” in the development of sector guidance under VBIAF