Securities Commission Malaysia chairman urges climate resilience to attract investment

Securities Commission Malaysia chairman Datuk Mohammad Faiz Azmi has emphasized that climate risk is a national and economic imperative requiring a ‘whole-of-society’ response. Speaking at the JC3 Journey to Zero Conference in Kuala Lumpur, he noted that climate resilience will increasingly influence competition for foreign direct investment (FDI).

To reassure international investors, Azmi stated that Malaysia must provide more robust data to demonstrate its ability to withstand frequent climate events. While Malaysia is ranked second in ASEAN for resilience after Singapore, more empirical data is needed to prove stability to asset owners.

The Joint Committee on Climate Change (JC3) has been driving initiatives to build Malaysia’s climate finance ecosystem. Key developments include the Climate Finance Innovation Lab (CFIL), which has onboarded 30 projects with funding needs exceeding RM4 billion, and a second cohort of 22 projects seeking RM1.73 billion. Additionally, the JC3 Climate Data Catalogue has expanded available data to 186 unique items to support market transparency.