Monash-developed case studies spotlight sustainable finance in Malaysia
The School of Business at Monash University Malaysia, recognised for its expertise, was appointed as the knowledge partner for the Malaysian Chief Financial Officers Collective Action Program (MY CFO CAP). This initiative, a collaboration between Capital Markets Malaysia and the UN Global Compact Network Malaysia & Brunei, involved a team of researchers including Dr Norita Mohd Nasir, Dr Puspavathy Rassiah, Dr Ravichandran Subramaniam, Associate Professor Karren Khaw, Associate Professor Yessy Arnold Perangin Angin, and Professor Mohan Avvari.
They developed a report featuring case studies on Malaysian businesses that have adopted sustainable finance as a key part of their environmental business strategy. The report highlights the efforts of companies like Axiata Group Berhad, IOI Corporation Berhad, reNIKOLA Holdings Sdn Bhd, and Yinson Holdings Berhad in implementing sustainable finance initiatives, such as green sukuk and sustainability-linked sukuk wakalah, despite challenges like regulatory hurdles and defining transparent sustainability targets.
These efforts have led to benefits such as cost savings, access to new investor pools, and progress towards climate targets.
Read the full article at Monash Malaysia News
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