Sustainable Finance Initiatives Disclosures by Selected Banks in Malaysia

Corina Joseph (), Saifulrizan Norizan (), Mariam Rahmat () and Tina Stephen Enggong ()
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Corina Joseph: Universiti Teknologi MARA, Cawangan Sarawak
Saifulrizan Norizan: Universiti Teknologi MARA, Cawangan Sarawak
Mariam Rahmat: Universiti Teknologi MARA, Cawangan Sarawak
Tina Stephen Enggong: Universiti Teknologi MARA, Cawangan Sarawak

Chapter Chapter 6 in Future of Business in Asia, 2025, pp 97-114 from Springer

Abstract: Abstract This empirical study aims to examine the extent of sustainable finance initiative disclosures in nine Malaysian banks and financial institutions’ sustainability reports or integrated reports in 2022 via content analysis. The items disclosed by more than 70% of the bank sustainability or integrated reports include: (1) Strategy to achieve net zero carbon; (2) Community empowerment programme; (3) Principles of reporting—sustainability context; (4) Principles of reporting—stakeholders inclusiveness; (5) Principles of reporting—materiality; (6) Concern by top management; (7) Green financing; (8) Financial inclusion; (9) Task Force on Climate-related Financial Disclosures (TCFD) recommendations; (10) Maqasid Shariah; (11) Climate risk/sustainability risk; (12) UN SDG; (13) Partnership; (14) Environmental well-being; and (15) Strong governance. All these reported initiatives indicated banks’ commitment to the ASEAN taxonomies blueprint. The findings from this research contribute to the broader conversation on sustainable finance and provide a roadmap for policymakers, financial institutions, and investors, facilitating the acceleration of Malaysia’s transition towards a greener, more resilient financial sector in the evolving landscape of the Future of Asia.

Keywords: Sustainable finance initiative; Disclosures; Malaysian banks and financial institutions; Sustainability; Green finance; Climate change (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/978-3-031-95940-0_6

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