The Securities Commission (SC) Malaysia plans to release a public consultation paper on sustainable and responsible investment (SRI) taxonomy by year end to provide more clarity and guidance in identifying sustainable investment assets or activities. SC chairman Datuk Syed Zaid Albar said the commission is currently in discussion with key industry stakeholders on guiding principles for SRI taxonomy. He said, "We have identified SRI taxonomy for the capital market as a critical building block to facilitate greater product diversity and accelerate the development of SRI as an asset class. We are also working with market participants to assess the benefits of positive screening that incorporates Syariah requirements with environmental, social and governance (ESG) standards," he said in his keynote address at the Joint Committee on Climate Change (JC3) Flagship Conference today.

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