Labuan Financial Services Authority: Rethinking sustainability in evolving times

Thursday, 15 May 2025 | Labuan Financial Services Authority, Labuan

ICMR’s Associate Director Dr. Gopi Krishnan was invited to share his knowledge in sustainable finance at Labuan FSA’s Sustainability Workshop. He was joined by other notable presenters such as Johan Rozali Wathooth from Bintang Capital and Siow May Ling from UPM. During his presentation, Dr. Gopi shared findings and recommendations from his latest report on Transition Finance.

Key Insights Shared: 

  • Mainstreaming Sustainability 
    A whole of society approach is critical for maintaining Malaysia’s competitiveness and ensuring long-term sustainable economic growth. This approach would align the government, businesses, civil society, and communities to ensure that none are left behind in the push towards sustainabiity. 

  • Addressing Financing Gaps 
    There is a growing demand for sustainable assets from various classes of investors, suggesting a real interest in sustainability. However, the financing gap between sustainable and non-sustainable assets continues to widen. IRENA estimates this figure at USD375 billion for Malaysia. A holistic approach should be adopted to address varying concerns within the sustainability landscape such as mitigation, adaptation & resilience (A&R), and ensuring an inclusive and just transition.

  • Focus on “FIRST” Strategy
    The “FIRST” strategy is aimed at accelerating climate finance in Malaysia through targeted interventions that unlock funding, foster collaboration, and drive measurable outcomes in climate resilience and sustainability. It consists of:

    • Establish credible frameworks and taxonomies
    • Design effective, targeted incentives
    • Foster relationships
    • Develop and scale innovative financial solutions
    • Ensure robust tracking mechanisms
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