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Overview

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Who we are

Climate change poses real risks to the economy and financial system.

In response to the increasing threats of climate change, the JC3 was established in September 2019 as a regulator-industry platform, aiming to pursue collaborative actions for building climate resilience within the Malaysia financial sector.

Our Co-Chairs are Assistant Governor, Madelena Mohamed of Bank Negara Malaysia and Neetasha Rauf, Chief Sustainability Officer of Securities Commission Malaysia.

Our members comprise senior officials from Bursa Malaysia and 25 financial industry players, all sharing the same commitment and passion towards greening the financial system and greening finance. We also have 13 observers comprising industry associations, relevant experts, Employees Provident Fund, Khazanah Nasional Berhad and Labuan Financial Services Authority. More information can be found under List of Members and Observers.

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Our Mandate

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Building capacity on climate risk

Sharing knowledge and best practices to manage climate risks.

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Identifying key challenges

Highlighting key issues in the low-carbon transition.

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Driving collaboration

Bringing stakeholders together to advance coordinated solutions.

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Supporting integration

Helping institutions embed climate solutions into operations.

Our mandate

Highlight Point 1
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Building capacity on climate risk

Sharing knowledge and best practices to manage climate risks.

Highlight Point 2
Image Frame

Identifying key challenges

Highlighting key issues in the low-carbon transition.

Highlight Point 3
Image Frame

Driving collaboration

Bringing stakeholders together to advance coordinated solutions.

Highlight Point 4
Image Frame

Supporting integration

Helping institutions embed climate solutions into operations.

How we work

To ensure our work is carried out in an effective, productive and inclusive manner, we structure ourselves by these 5 sub committees:

SC1 Risk Management

SC2 Governance and Disclosure

SC3 Product and Innovation

SC4 Engagement & Capacity Building

SC5 Bridging Data Gaps

SME Focus Group (SFG)

Our journey so far

2019

The formation of the Joint Committee on Climate Change

Journey 2019

The inaugural JC3 meeting took place on 27 September 2019 after the successful conclusion of the Regional Conference on Climate Change organised by BNM from 25 to 27 September 2019.

Deputy Governor Jessica Chew Cheng Lian from BNM and former Deputy Chief Executive Datuk Zainal Izlan Zainal Abidin from SC co-chaired the JC3. Members comprised senior officials from Bursa Malaysia and 19 industry players, as well as 6 observers. Four sub-committees were formed, focusing on risk management, governance and disclosure, product and innovation, and engagement and capacity building.

2020

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2021

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2022

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2023

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Our Collective

Members

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Partners

Partners