The world is changing across all fronts, necessitating transformational thinking and attitudes to adapt and then to grow. The same transformation is happening around us in the capital market, with more and more issuers and investors are seeking to make an impact with their investments, by exploring Sustainable and Responsible Investment (SRI).
Today, SRI have transformed from niche products into mainstream capital market offerings, as more discerning investors shift towards climate friendly activities, to minimise their impact on the planet. In fact, the capital market plays a critical role in providing funding to drive SRI.
In realising the world’s sustainable development needs, a significant amount of funding is required. Based on estimates by the United Nations Conference on Trade and Development (UNCTAD), to achieve the global Sustainable Development Goals (SDGs), the world would need total investment of between US$5.0 trillion and US$7.0 trillion (RM17.5 trillion and RM24.5 trillion) per annum until 2030.
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Nov 27, 2024
Small and medium enterprises (SMEs) need to swiftly integrate environmental, social, and governance (ESG) practices into their business operations to maintain their competitiveness in the market and ensure long-term sustainable advantages, Bank Negara Malaysia (BNM) said.
Oct 22, 2024
UBS Group AG is asking its bankers to rethink the way they discuss some sustainable products in public following advice from its lawyers, according to sources.
Oct 15, 2024
The Securities Commission Malaysia (SC) and the World Bank have launched a joint report, @ESG Disclosure Assessment of Malaysia@s Listed Companies and Recommendations for Policy Development@ at the SC-World Bank Conference 2024 today.
Sep 25, 2024
The National Sustainability Reporting Framework (NSRF), developed by the Advisory Committee on Sustainability Reporting (ACSR),1 is set to enhance the state of sustainability disclosures in Malaysia.
Aug 07, 2024
A green bond is a type of debt instrument issued by governments, municipalities, or corporations to raise funds specifically for projects and activities that have positive environmental impacts. The key feature of a green bond is that the proceeds must be allocated exclusively to projects that...
Mar 26, 2024
The Climate Risk Management and Scenario Analysis policy document (CRMSA PD)1 sets out the principles and requirements for financial institutions to manage climate-related risks.
Mar 26, 2024
In many countries, SMEs are the critical contributors to economic growth. This is true for Malaysia as well, with SMEs accounting for 97%@of all business establishments. SMEs provide employment to around 48%@of the Malaysian workforce, making them the backbone of the domestic economy (Diagram 1)....
Dec 18, 2024
As Facility Agent of the above ASEAN Green SRI Sukuk Wakalah, we hereby notify on behalf of the Issuer that the Periodic Distribution for the following stock codes will be due and payable on 16 January 2025. Periodic Distribution Stock Code: 1) VI200130 2) VJ200131 3) VK200132 4) VL200133...
Dec 13, 2024
We, the Facility Agent, received a notification from Malaysian Trustees Berhad (Sukuk Trustee) today, 13 December 2024 that a Sukukholders meeting will be convened by the Issuer on 8 January 2025 at 3.00 pm at UiTM Holdings Sdn Bhd, Level 11, Block A, Dataran PHB, Saujana Resort, Section U2...
Dec 13, 2024
We refer to our announcement dated 22 November 2024. As the Facility Agent, we hereby notify that the Issuer has fully redeemed RM10,000,000.00 in nominal value of ASEAN Green SRI Sukuk for the following stock codes at their respective Redemption Amount. - VJ190042, VK190041, VL190040...
Dec 13, 2024
We refer to our announcement dated 22 November 2024. As the Facility Agent, we hereby notify that the Issuer has fully redeemed RM10,000,000.00 in nominal value of ASEAN Green SRI Sukuk for the following stock codes at their respective Redemption Amount. - VJ190042, VK190041, VL190040...
Dec 11, 2024
We, the Facility Agent, refer to our announcement on 20 November 2024. We have been notified by the Sukuk Trustee that the Issuer had called off the Sukukholders' meeting to vote for the Special Resolution on the early and full redemption of all Green Sri Sukuk and other related matters which...
Dec 09, 2024
RAM Ratings upgrades Samalaju's Sukuk rating to AAA(s); outlook revised to stable RAM Ratings has upgraded Samalaju Industrial Port Sdn Bhd's (Samalaju or the Company) rating from AA1/positive(s) to AAA(s)/stable for its RM950 mil Sukuk Murabahah Programme (2015/2036) (the Sukuk). The (s...
Dec 04, 2024
RAM Ratings has affirmed the AA1(s)/Stable rating of UEM Group Berhad's (UEM or the Group) RM7.0 bil Sukuk Wakalah Programme, issued through wholly owned funding vehicle, UEM Olive Capital Berhad (UEM Olive). The affirmation reflects our expectations that UEM will continue to enjoy a 'high...
Dec 04, 2024
RAM Ratings has affirmed the AA2/Stable rating of Solarpack Suria Sungai Petani Sdn Bhd's (3SP or the Company) ASEAN Green SRI Sukuk Wakalah of up to RM305 mil (2023/2043). The rating reflects the sound project economics and operational performance of 3SP's 90.88 MWac solar photovoltaic plant ...
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reNIKOLA Solar Sdn Bhd 1366812MIssuance Date - 11 May 2021 |
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UiTM Solar Power Dua Sdn Bhd 650095WIssuance Date - 5 March 2021 |
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Cagamas BhdIssuance Date - 26 October 2020 |
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.png?width=100&height=100&ext=.png "Solar Management (Seremban) Sdn Bhd 1022517K")
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Solar Management (Seremban) Sdn Bhd 1022517KIssuance Date - 21 Oct 2020 |
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Ihsan Sukuk Berhad 1117716PIssuance Date - 18 Jun 2015 |
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Tadau Energy Sdn Bhd 1148988KIssuance Date - 27 Jul 2017 |
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Quantum Solar Park (Semenanjung) Sdn Bhd 1200950DIssuance Date - 6 Oct 2017 |
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PNB Merdeka Ventures Sdn. Bhd 517991AIssuance Date - 29 Dec 2017 |
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Segi Astana Sdn Bhd 916663HIssuance Date - 8 Jan 2018 |
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Sinar Kamiri Sdn Bhd 851378XIssuance Date - 30 Jan 2018 |
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UiTM Solar Power Sdn Bhd 1211613PIssuance Date - 27 Apr 2018 |
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HSBC Amanah Malaysia Berhad 807705XIssuance Date - 2 Oct 2018 |
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Pasukhas Green Assets Sdn Bhd 1293491HIssuance Date - 28 Feb 2019 |
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Telekosang Hydro One Sdn Bhd 1242773KIssuance Date - 6 Aug 2019 |
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Cypark Ref Sdn Berhad 1287000TIssuance Date - 11 Oct 2019 |
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Edra Solar Sdn Berhad 1057995UIssuance Date - 11 Oct 2019 |
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Leader Energy Sdn Bhd 1234122XIssuance Date - 16 July 2020 |
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Agroto Business (M) Sdn Bhd 201201000811Issuance Date - 5 August 2021 |
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Several incentives are provided to encourage the issuances of SRI sukuk in the market. These include the income tax deduction on the issuance costs of SRI sukuk which was first provided from the year of assessment (YA) 2016 to YA 2020, and has now been extended for three years from YA 2021 to YA 2023.
A Green SRI Sukuk Grant Scheme was also established to incentivise issuers by offsetting up to 90% of external review costs incurred in the issuance of green SRI sukuk. For more information on the application for the Green SRI Sukuk Grant Scheme, please refer to here
