pleased to inform that the jc3 is one of the collaborators with cgm, together with the institute of corporate directors malaysia ( icdm ) and islamic markets in organising today ’ s forum. the bank envisions that financial industry players and others from the private sector will play more proactive roles in increasing funding pathways for green and sustainability related projects. by stepping up such efforts, there would be more innovative financial instruments or alternative financing, sustainable or green bonds or sukuk that would support the government ’ s climate change agenda. ladies and gentlemen, the severity and abruptness of the current health crisis do not make climate crisis any less pressing. the resilience of our future economy and financial system will depend on the actions we take now in building climate and societal resilience. this is a sobering reality, one we must take full accountability of, and pledge strong commitment to. this pandemic has not only provided valuable lessons to us on the grave consequences of being ill - prepared when facing a crisis. it is also a strong reminder that sustainability must play a crucial role in our economic recovery and reset. as a central banker, it is not often that i talk about global health – but the current pandemic has challenged me to be more conversant of such issues. the same applies to the topic of climate change which was not in the central banks ’ dictionary until recently. but that is the reality of development – we will continuously be called upon to respond to new and unfamiliar challenges and to effectuate changes wherever we can. i am optimistic that we can all contribute to do our part to make the change that is required. global awareness on climate change and its risks being showcased today and during this climate week is reflective of a world that is determined to rise to the immense challenges before us. thank you again to the organiser of this event and to all participants. i look forward to more meaningful engagements on this issue as we continue this onward march for a better life and a better future for our children and for mankind. thank you. 3 / 3 bis central bankers'speeches

whilst climate challenges often come and go with climatic events. given the latter, oftentimes our intensity to tackle climate change also ebbs and flows. but despite all this, the single biggest common point is the devastation that both covid - 19 and climate change bring to our lives and livelihood. hence, there is a silver lining to this current health crisis. the pandemic was once a distant issue or someone else ’ s problem. now, everyone from australia to zimbabwe is experiencing its full brunt. it is therefore an opportune time to reflect, reset and reprioritise. the world now has a unique opportunity – an opportunity to galvanise a deeper appreciation and understanding of the issues that affect us all – globally and simultaneously. policymakers tackling the health crisis have been encouraged to pursue policies that can alleviate the economic shocks caused by the pandemic and in the same instant help address climate issues and challenges. we can leverage the opportunity presented by the current crisis to put the world on a new trajectory with a lower risk of future climate calamities. 1 / 3 bis central bankers'speeches collective responsibility this brings me to my second c that is “ collective responsibility ”. the former managing director of imf, madam lagarde once remarked that “ tackling climate change is a collective endeavour, it means collective accountability and it ’ s not too late ”. malaysia, together with its asean counterparts, has been responding to climate change by developing national sustainable roadmaps, principles and guidelines. such actions are even more relevant now. despite a more pressing public health crisis at the moment, the world health organization has warned that “ climate change is a gradually increasing stress that may be the defining public health threat of the 21st century ”. now why is this? that ’ s because temperature and weather extremes, floods, and pollutants can impact human health, directly and indirectly. the pandemic thus stresses the need to progressively continue collective global climate change actions to reduce risk of future epidemics. commitment this brings me to my third c, which is “ commitment ”. we need strong commitment to combat climate change and take immediate actions to take charge of future economic growth. for corporations and businesses, over and above concerns on regulation and legal risks, is the need to commit to invest in doing the right thing for “ people, profit and planet ”. corporations and businesses that align their policy and advocacy agenda to climate action have an important role in averting a path towards