Chartered Bankers Key In Driving ESG In Financial Sector

With the sustainable revolution reshaping the banking and financial landscape in Malaysia, the financial sector must develop the right talent to support financial institutions in their sustainability and green transition journeys as such chartered bankers are the key to driving positive change in the industry and supporting Bank Negara Malaysia’s initiatives towards greening the financial sector, as shared in the 2022–2026 Financial Sector Blueprint says AICB.

The Asian Institute of Chartered Bankers Chairman Tan Sri Azman Hashim, said, “With the rise of environmental, social and governance (ESG) priorities in the banking and financial industry, as bankers, we now have a deeper responsibility to embed these considerations into our every decision, thought and action, as the financial industry plays a key role in supporting Malaysia’s commitment to the United Nations’ Sustainable Development Goals and aspirations to achieve net-zero greenhouse gas emissions by Responsible bankers play such an important role in contributing to our economy and society.”

“As the banking sector is moving towards sustainability-centric initiatives and making stronger commitments towards financing green and environmentally sustainable activities, financial institutions must continue investing in their talents to build capabilities in climate risk and sustainability”, added Tan Sri Azman Hashim.

The Institute recently launched the Certificate in Climate Risk programme to meet growing industry demands and lead the industry’s future skills framework initiative, which will help the industry identify future skills and competencies needed for the sector. Ian Hardcastle, Chair of the Learning & Development Board, Chartered Banker Institute, UK, said, “As recent events have demonstrated, when economic conditions become tougher, core banking skills, high standards of ethical behaviour and professionalism — in areas such as credit, risk, and asset and liability management — are key to ensuring the safety and soundness of banks.

There are now over 700 AICB members who have joined the guild of Chartered Bankers in Malaysia. The Chartered Banker status is jointly awarded with the Chartered Banker Institute, UK — the only institute globally that can award this status.

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