Climate Change and Principle-based Taxonomy (CCPT) - Sustainable Finance

Financial institutions have a critical role to play in supporting orderly transitions while managing their exposures to climate risk from lending, investment and underwriting activities.

Assessing exposures to climate-related risks in a consistent and effective way, both within a financial institution and across the industry, is therefore essential.

On 30 April 2021, Bank Negara Malaysia (BNM) published Malaysia's national climate focused sustainability taxonomy for the financial sector, the Climate Change and Principle based Taxonomy (CCPT). The CCPT sets out five Guiding Principles (GPs) intended to help financial institutions to assess and categorise economic activities according to the extent to which they meet climate objectives and promote transition to a low-carbon economy.

The CCPT provides a framework to facilitate robust and consistent assessments of economic activities and their associated impacts on climate mitigation, adaptation, and the transition to low carbon and more sustainable practices. This one-day programme aims to provide participants with an understanding of the key elements, features and requirements outlined under the CCPT. The CCPT and how to apply and implement it within financial institutions will also be examined and discussed.

Programme Outline

Learning Objectives

By the end of the programme, participants will be able to:

Explain the “Climate Change and Principle-based Taxonomy” (CCPT)
Identify climate change impact and opportunities for financial institutions
Interpret the CCPT and attempt to classify borrowers under the CCPT guidelines

Programme Outline

Introduction
Overview of climate change and its impacts
Importance of principles-based taxonomy in addressing climate change
Understanding Climate Change
Definition and causes of climate change
Greenhouse gas emissions and their impact on the climate
Impacts of climate change on different sectors and regions
Principles-based Taxonomy
Definition of principles-based taxonomy
Key principles of principles-based taxonomy
Guiding principles for the assessment of economic activities
Application of Principles Based Taxonomy to Climate Change
Encouraging low-carbon and sustainable activities
Assessment of economic activities
Classification of economic activities
Disclosing and reporting on climate impact of investments
Case Studies
Examples of companies in different sectors implementing principles-based taxonomy
Evaluation of the impact of principles-based taxonomy on climate change
Preparing for CCPT implementation
Challenges and opportunities
Discussion on data collection issues, data verification, classification challenges etc.

Case studies and discussions

METHODOLOGY

Lecture, case studies and discussions

Participant profile

Sustainability champions, executives and officers from business units, credit, risk, compliance, audit and anyone whose role requires a good understanding of climate change and principles-based taxonomy

Trainer

Cheah Wee Leong

Director, Investment Banking at the Asian Banking School

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Cheah Wee Leong

Director, Investment Banking at the Asian Banking School

Cheah Wee Leong is the Director of Investment Banking at the Asian Banking School. He has more than 25 years’ experience working in the banking industry with local and foreign banks in various roles and capacities. A seasoned professional, Wee Leong brings with him broad experience as a former banker and management consultant.

Wee Leong started his career at Citibank in 1993 before joining US management consultancy firm Accenture in 1997. At Accenture, he was involved in managing large bank merger-integration, process re-engineering and transformation projects. He has worked in projects in various countries including Hong Kong, China, Singapore, Indonesia, Thailand, Mauritius and Saudi Arabia.

In 2003, Wee Leong joined CIMB as its Head of Operational Risk Management and led the implementation of the bank's operational risk management and Basel 2 - Operational Risk framework. Subsequently, he assumed various senior roles in Trade Finance, Regional Transaction Banking, Corporate Banking, Treasury and Markets division and Group CEO office at CIMB. His last role at CIMB was as Director, Group Strategy. He has been designing and developing courses and conducting training regularly (covering various topics) with the Asian Banking School since 2017.

Wee Leong holds a Bachelor of Business Administration from the USA and a Master of Business Administration (with distinction) from the Anglia Ruskin University, United Kingdom. He obtained training from the Citibank Asia Pacific Banking Institute in Singapore in 1995. He is a certified Chartered Banker, Finance Accreditation Agency (FAA) Certified Training Professional and a holder of the “Certificate in Climate Risk” (awarded by the Chartered Body Alliance, UK) and PRINCE2 Foundation and Practitioner Certificate in Project Management. Wee Leong completed the “Leading the Sustainability in Transformation in Banking” programme with the Frankfurt School of Finance and Management (1 week course in Frankfurt, Germany) in October 2022.