KUALA LUMPUR, 9 Nov 2022 — In conjunction with the Finance Day at COP-27, Bank Negara Malaysia (BNM) in collaboration with financial institutions and strategic partners launched the Greening Value Chain (GVC) Programme.
COP-27 is the 27th United Nations climate change conference which is being held from Nov 6 to 18, 2022 in Sharm El Sheikh, Egypt.
In a statement today, the central bank said the GVC programme aims to assist Malaysian SMEs in implementing impactful, long-term change to green their operations.
This can be achieved through offering of technical advice by participating organisations and transition financing from the Low Carbon Transition Fund (LCTF). The GVC programme employs a blended approach of facilitation, comprising technical training and on-site diagnosis, BNM said.
BNM Governor Tan Sri Nor Shamsiah said: “Malaysia is an exporting nation. Many Malaysian SMEs form part of global supply chains that need to adapt to the changing policies of our trade partners to remain resilient and globally competitive.
This includes addressing value chain emissions to keep pace with the global race towards Net Zero and to prepare for policies that may be imposed by our trading partners. The GVC programme is one step in helping SMEs make this important transition.”
For further enquiries about GVC, please contact BNMLINK through telelink.bnm.gov.my.
— Akses Malaysia
