SC holds inaugural Capital Market Green Financing Series

Widening access to sustainable financing for MSMEs

  

he Securities Commission Malaysia (SC) today launched NaviGate: Capital Market Green Financing Series, a programme to create greater awareness and connectivity between green companies and the capital market.

The first edition of NaviGate, held virtually, focused on micro, small and medium enterprises (MSMEs) and the alternative capital market financing avenues available through the Equity Crowdfunding (ECF) and Peer-to-Peer (P2P) financing. A total of 100 participants and 40 MSMEs from the green technology and sustainable energy sectors in Malaysia participated in the programme which connected them to the ECF and P2P financing platforms.

ECF and P2P financing offer alternatives to traditional financing mechanisms, as these platforms provide smaller-scale financing options to address their financing needs. The Green Financing Survey carried out by the SC in 2020, also highlighted the high demand for smaller-scale financing options and the untapped financing opportunities within the green MSME segment.

“Since its launch, total funds raised through these digital platforms have reached RM1.3 billion as at end-December 2020, benefiting around 3,000 MSMEs. A number of companies have accessed ECF and P2P financing to fund their green projects and businesses such as in solar power, waste management, and energy efficiency,” said Datuk Syed Zaid Albar, Chairman of the SC.

He also highlighted that the government recognises the significant role MSMEs play in contributing towards the country’s growth, job creation and innovation, and has allocated an additional RM30 million and RM50 million in Budget 2021, for ECF and P2P investments respectively, through the Malaysia Co-Investment Fund.

NaviGate demonstrates the SC’s continued emphasis in fostering capital market inclusivity and in facilitating the acceleration of the SRI agenda for the Malaysian capital market, complementing the initiatives undertaken by Capital Markets Malaysia.

The inaugural session is supported by the Malaysian Green Technology and Climate Change Centre (MGTC) and Sustainable Energy Development Authority (SEDA).

MSMEs who would like to participate in the next NaviGate programme can submit their interest to NaviGate@seccom.com.my 

For more information on the SC’s Sustainable and Responsible Investment (SRI) initiatives, and alternative financing platforms, please visit the SC website at www.sc.com.my 

-Ends-

SECURITIES COMMISSION MALAYSIA

Members of the Media may contact the Corporate Affairs Department at +6019 3332127 (Lau Mei San), +6012 2072787 (Delyana Nordin), +6017 6737603 (Stacy Wong), +6012 3322556 (Emma Delima) or e-mail: cau@seccom.com.my 

About the Securities Commission Malaysia:

The Securities Commission Malaysia (SC), a statutory body reporting to the Minister of Finance, was established under the Securities Commission Act 1993. It is the sole regulatory agency for the regulation and development of capital markets. The SC has direct responsibility for supervising and monitoring the activities of market institutions, including the exchanges and clearing houses, and regulating all persons licensed under the Capital Markets and Services Act 2007. More information about the SC is available on its website at www.sc.com.my . Follow the SC on twitter at @SecComMy for more updates.

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