Maybank Investment Bank expects transition finance to gain traction in Malaysia

KUALA LUMPUR, June 22 — Transition finance or labelled bonds and loans are expected to gain traction in the coming years amid a growing number of companies pledging to reach sustainable goals, Maybank Investment Bank said.

“So, in this instance, for example, ship company Seaspan Corporation has raised about US$750 million in transition bond this year and the proceed were channelled towards exploring energy efficiency of its vessels with alternative fuels,” he said at the Sustainable and Responsible Investment Virtual Conference 2022 titled “Preserving the Climate through Sustainable Business and Living” today.

He said standards that take into account the local context would be critical in helping sustainable finance be more inclusive and innovative.“Currently, many jurisdictions are actively seeking to develop countries’ specific taxonomies on sustainable finance, which in turn has created a plethora of taxonomies,” he said.

“We applaud the efforts of regulators and parties involved in the development of the Asean Taxonomy launched last November and we look forward to contributing further towards this development,” he said.

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