Sign up | Log in



Home  >>   Daily News  >>   Malaysia News  >>   Environment   >>   Environment not area of focus for financial sector in Malaysia
NEWS UPDATES Asean Affairs    9 July 2012

Environment not area of focus for financial sector in Malaysia


The financial institutions of Malaysia are now forced to sit up and pay attention to how their activities affect the environment, said Credit Guarantee Corp Malaysia Bhd managing director Wan Azhar Wan Ahmad.

The banking and finance industries in most countries had previously remained unscathed by the “green movement”, Wan Azhar told participants of the Global Sustainable Finance Conference in Karlsruhe, Germany while speaking in his capacity as the chairman of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) and World Federation of Development Finance Institutions.

“When it comes to issues affecting the environment, the financial sector has been spared from the controversies and the protests. But the environment has changed and they are now confronted with global climate change issues.”

“Some financial institutions that previously found nothing wrong in underwriting millions of dollars for irresponsible mining, illegal logging and other commercial operations that rapidly deplete the ozone layer, denude forests, deplete water resources, or pollute rivers, have now started paying attention to environmental issues,” he said.

Wan Azhar further said, “Along with governments, civil society and business organisations, banks and financial institutions have realised that protecting the environment should also be part of the business.”

Under its Asia Pro-Eco Programme, ADFIAP has commissioned two research studies: one on environmental performance monitoring by Germany's Wuppertal Institute for Climate Change, Environment and Energy and on environmental rating standards by the UK's Sustainability Research Institute, School of Earth & Environment at the University of Leeds.

The Wuppertal study focused on the internal environmental management policies and practices of financial institutions while the Leeds' study looked into the environmental risk scan development financial institutions (DFI) can use in their lending decisions.

The project's ultimate goal is to support the “greening” of the banking and finance sector in Asia-Pacific through the development and implementation of environmental governance standards for ADFIAP member-DFIs and other participating financial institutions.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    9 JuLY 2012  Subsribe Now !
• Clinton headed to Indochina countries and ...  Subcribe: Asean Affairs Global Magazine
• China, Singapore to work closely on ...  Asean Affairs Premium

• Digital Malaysia to generate 160,000 jobs

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Philippines' credit rating gets a boost
• President Aquino bullish on Philippines ... 
• Environment not area of focus for financial...

Asean Analysis              9 July 2012

Advertise Your Brand
• Asean Analysis- JuLy 9, 2012  
• Asean Weekly- June 6, 2012 Sponsor Our Events

Asean Stock Watch     6 JuLY 2012 

• Asean Stock Watch-July 6, 2012 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand