BANK Negara Malaysia (BNM) is in collaboration with financial institutions and strategic partners to launch the Greening Value Chain (GVC) Programme in conjunction with the Finance Day at COP27.
In a statement released 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,” BNM said.
The GVC programme employs a blended approach of facilitation, comprising technical training and on-site diagnosis, it added.
“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,” BNM governor Tan Sri Nor Shamsiah said
“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,” she added. — TMR / pic by Bloomberg