Publications

Reports & Handbooks

A LEAP for Nature: Advancing Nature-related Financial Risk and Opportunity Assessment in Malaysia

June 2026

This joint report by Bank Negara Malaysia (BNM), the World Bank, and United Nations Development Programme’s Biodiversity Finance Initiative (UNDP BIOFIN) provides a guide for financial institutions and firms to assess and disclose nature-related dependencies, impacts, risks and opportunities (DIROs).

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A report on the Sustainable Finance Landscape in Malaysia

April 2022

Sets out key insights from the extensive outreach
programmes and a survey on sustainability
practices among financial institutions in Malaysia,
undertaken by the JC3 in 2021.

A joint research report by the World Bank and BNM on managing flood risks in Malaysia

March 2024

Analyses how businesses can be impacted by floods, and role of the financial sector in supporting businesses to manage flood risks

Sustainable and Transition Finance Guidance

November 2025

Gives banks practical recommendations on how to align financing activities with established sustainable and transition finance principles at both the asset and entity levels.

Extracted pages from JC3_STFG_digital (hires)_5Dec.jpg

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BNM and World Bank assess nature-related financial risks for Malaysian banks

March 2022

This exploratory study, jointly undertaken by Bank Negara Malaysia and the World Bank, uses local and global data to examine the relationship between the Malaysian financial sector and nature.

Application Handbook for Issuance of Sustainability-Linked Bonds and SRI-Linked Sukuk

January 2025

Provides clear guidance to issuers, investment bankers, and stakeholders on the issuance of SRI-Linked Sukuk and Sustainability-Linked Bonds

Taxonomies

Malaysia Taxonomy for Sustainable Finance

Call for Feedback

Issued in March 2026

Serves as a guide for businesses and investors in pursuing green and transition activities. Also supports the flow of inclusive transition finance to the region. Adopts a multi-tiered approach comprising the Foundation Framework and the Plus Standard to cater to the diversity of ASEAN Members States.

ASEAN Taxonomy for Sustainable Finance

Version 2

Issued in March 2022

Updated in June 2023

Expands the principles-based Foundation
Framework by providing guiding questions,
decision trees and use cases that address all environmental objectives (EOs) and essential
criteria (EC). Provides the methodology to set the Technical Screening Criteria (TSC) tiers in the Plus Standard and
contains the TSC for all four EOs for the Energy
Sector, and Carbon Capture, Utilisation
and Storage (CCUS) enabling sector.

ASEAN Taxonomy for Sustainable Finance

Version 3

Issued in March 2024

Includes the Technical Screening Criteria (TSC) for two additional focus sectors, namely
Transportation & Storage as well as Construction & Real Estate.

ASEAN Taxonomy for Sustainable Finance

Version 1

Issued in November 2021

Serves as a guide for businesses and investors in pursuing green and transition activities. Also supports the flow of inclusive transition finance to the region. Adopts a multi-tiered approach comprising the Foundation Framework and the Plus Standard to cater to the diversity of ASEAN Members States.

ASEAN Taxonomy for Sustainable Finance

Version 2

Updated in February 2024

Sets out the final set of Technical Screening Criteria (TSC) for electricity, gas, steam and air conditioning supply sector (energy sector).

ASEAN Taxo v2 (updated February 2024).PNG

Harnessing Nature-based Solutions in Malaysia for Climate Action

20 Mar 2024

An article on the untapped potential of nature-based solutions (NbS) in addressing climate change and environmental-related issues in Malaysia. The article is published in conjunction with the release of the BNM Annual Report 2023

Publications

Reports & Handbooks

Sets out key insights from the extensive outreach programmes and a survey on sustainability practices among financial institutions in Malaysia, undertaken by the JC3 in 2021.

Analyses how businesses can be impacted by floods, and role of the financial sector in supporting businesses to manage flood risks

Gives banks practical recommendations on how to align financing activities with established sustainable and transition finance principles at both the asset and entity levels.

This exploratory study, jointly undertaken by Bank Negara Malaysia and the World Bank, uses local and global data to examine the relationship between the Malaysian financial sector and nature.

Provides clear guidance to issuers, investment bankers, and stakeholders on the issuance of SRI-Linked Sukuk and Sustainability-Linked Bonds

Taxonomies

Includes the Technical Screening Criteria (TSC) for two additional focus sectors, namely Transportation & Storage as well as Construction & Real Estate.

Sets out the final set of Technical Screening Criteria (TSC) for electricity, gas, steam and air conditioning supply sector (energy sector).

Articles

Harnessing Nature-based Solutions in Malaysia for Climate Action 20 Mar 2024

An article on the untapped potential of nature-based solutions (NbS) in addressing climate change and environmental-related issues in Malaysia. The article is published in conjunction with the release of the BNM Annual Report 2023

Sets out key insights from the extensive outreach
programmes and a survey on sustainability
practices among financial institutions in Malaysia,
undertaken by the JC3 in 2021.

Includes the Technical Screening Criteria (TSC) for two additional focus sectors, namely
Transportation & Storage as well as Construction & Real Estate.

Harnessing Nature-based Solutions in Malaysia for Climate Action

20 Mar 2024