As deliberated by JC3 plenary members at the
14th JC3 meeting in January 2025, CFIL is a collaborative platform involving public, private and philanthropic partnerships to identify, co-develop and implement innovative climate financial solutions that strengthen Malaysia’s climate resilience.
CFIL focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity. Building on past initiatives and pilot projects, CFIL marks a significant milestone in Malaysia’s sustainability journey. This further reinforces JC3’s commitment to driving impactful climate action through strategic partnerships and innovative financing.
Administered by Bank Pembangunan Malaysia Berhad (BPMB), CFIL will adopt a modular approach for ongoing efficiency and effectiveness in the ideation and design of financial solutions. Eligible project owners will have access to funding, technical assistance and a wider network of stakeholders to implement their projects.
BNM Assistant Governor and JC3 Co-Chair Madelena Mohamed said, ‘There is an urgent need to scale up climate finance and nature-positive actions in Malaysia. Greater private sector involvement is crucial for accelerating our climate journey towards sustainable development. The CFIL partnership aims to strengthen public-private-philanthropic climate finance through blended finance structures, innovative mechanisms and Islamic finance instruments. We call on all stakeholders to partner with us in this journey. Together, we can drive impactful change and build a resilient Malaysia.’
Securities Commission Malaysia Executive Director and JC3 Co-Chair Salmah Bee Mohd Mydin said, ‘We envision CFIL as an incubator for catalytic projects critical to achieving the national climate goals, but we face challenges securing financing through existing channels. With the support of JC3 and the financial industry, CFIL is positioned to connect project owners with diverse funders to scale up climate and nature-related solutions in Malaysia.’
More information on CFIL is available on
myCFIL.com or contact us via email at
[email protected].
