An Exploration of Nature-Related Financial Risks in Malaysia
Malaysia is one of the world's megadiverse countries, and many of its economic activities are directly or indirectly dependent on nature and its associated ecosystem services.' The Coronavirus (COVID-19) pandemic, with its far-reaching ec...
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World Bank, Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099315003142232466/P175462094e4c80c30add50b4ef0fa7301e http://hdl.handle.net/10986/37314 |
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okr-10986-373142022-09-20T00:08:34Z An Exploration of Nature-Related Financial Risks in Malaysia World Bank Bank Negara Malaysia (BNM) NATURE-RELATED FINANCIAL RISKS SUSTAINABLE GROWTH BIODIVERSITY NATURE-RELATED IMPACT ON FINANCIAL SYSTEMS CORONAVIRUS ECONOMIC IMPACT COVID-19 RECOVERY PANDEMIC IMPACT HUMAN HEALTH AND PLANETARY HEALTH NATURE-RELATED RISKS TO BANKS Malaysia is one of the world's megadiverse countries, and many of its economic activities are directly or indirectly dependent on nature and its associated ecosystem services.' The Coronavirus (COVID-19) pandemic, with its far-reaching economic impacts, is a reminder of the link between human health and planetary health, given that most human infectious diseases are transmitted between species. In parallel to climate-related risks, nature-related risks can lead to economic and financial losses. Central banks have recently started to investigate biodiversity and other nature-related impacts and dependencies of financial systems. The NGFS, of which Bank Negara Malaysia (BNM) is a member, has recommended several first actions that could be taken by financial sector regulators and supervisors to help build the foundations for more comprehensive measures. BNM, as part of its mandate to promote monetary and financial stability conducive to the sustainable growth of the Malaysian economy, has an interest in understanding nature-related financial risks to the financial sector. to the financial sector. A better understanding of nature-related financial risks is important for prudential supervision to identify and address any emerging risks in the loan books and investments of banks and other financial institutions. This report assesses the exposure of Malaysian banks to sectors and regions that are highly vulnerable to nature-related risks. This study makes use of both Malaysian and global data. 2022-04-18T20:55:30Z 2022-04-18T20:55:30Z 2022-03 Report http://documents.worldbank.org/curated/en/099315003142232466/P175462094e4c80c30add50b4ef0fa7301e http://hdl.handle.net/10986/37314 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Report Publications & Research East Asia and Pacific Malaysia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
NATURE-RELATED FINANCIAL RISKS SUSTAINABLE GROWTH BIODIVERSITY NATURE-RELATED IMPACT ON FINANCIAL SYSTEMS CORONAVIRUS ECONOMIC IMPACT COVID-19 RECOVERY PANDEMIC IMPACT HUMAN HEALTH AND PLANETARY HEALTH NATURE-RELATED RISKS TO BANKS |
| spellingShingle |
NATURE-RELATED FINANCIAL RISKS SUSTAINABLE GROWTH BIODIVERSITY NATURE-RELATED IMPACT ON FINANCIAL SYSTEMS CORONAVIRUS ECONOMIC IMPACT COVID-19 RECOVERY PANDEMIC IMPACT HUMAN HEALTH AND PLANETARY HEALTH NATURE-RELATED RISKS TO BANKS World Bank Bank Negara Malaysia (BNM) An Exploration of Nature-Related Financial Risks in Malaysia |
| geographic_facet |
East Asia and Pacific Malaysia |
| description |
Malaysia is one of the world's
megadiverse countries, and many of its economic activities
are directly or indirectly dependent on nature and its
associated ecosystem services.' The Coronavirus
(COVID-19) pandemic, with its far-reaching economic impacts,
is a reminder of the link between human health and planetary
health, given that most human infectious diseases are
transmitted between species. In parallel to climate-related
risks, nature-related risks can lead to economic and
financial losses. Central banks have recently started to
investigate biodiversity and other nature-related impacts
and dependencies of financial systems. The NGFS, of which
Bank Negara Malaysia (BNM) is a member, has recommended
several first actions that could be taken by financial
sector regulators and supervisors to help build the
foundations for more comprehensive measures. BNM, as part of
its mandate to promote monetary and financial stability
conducive to the sustainable growth of the Malaysian
economy, has an interest in understanding nature-related
financial risks to the financial sector. to the financial
sector. A better understanding of nature-related financial
risks is important for prudential supervision to identify
and address any emerging risks in the loan books and
investments of banks and other financial institutions. This
report assesses the exposure of Malaysian banks to sectors
and regions that are highly vulnerable to nature-related
risks. This study makes use of both Malaysian and global data. |
| format |
Report |
| author |
World Bank Bank Negara Malaysia (BNM) |
| author_facet |
World Bank Bank Negara Malaysia (BNM) |
| author_sort |
World Bank |
| title |
An Exploration of Nature-Related Financial Risks in Malaysia |
| title_short |
An Exploration of Nature-Related Financial Risks in Malaysia |
| title_full |
An Exploration of Nature-Related Financial Risks in Malaysia |
| title_fullStr |
An Exploration of Nature-Related Financial Risks in Malaysia |
| title_full_unstemmed |
An Exploration of Nature-Related Financial Risks in Malaysia |
| title_sort |
exploration of nature-related financial risks in malaysia |
| publisher |
World Bank, Washington, DC |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/099315003142232466/P175462094e4c80c30add50b4ef0fa7301e http://hdl.handle.net/10986/37314 |
| _version_ |
1764486929081958400 |