Sustainable finance has become a major part of the global push towards tackling climate change and protecting nature. By helping direct investment towards projects that deliver environmental and social benefits, it has the potential to reshape how development happens. Here in Malaysia, Bank Negara Malaysia and Securities Commission Malaysia are developing a Sustainable Finance Taxonomy to help classify which economic activities can be considered sustainable. But civil society groups say that the framework needs stronger safeguards for forests, biodiversity and community rights, and that without those protections, projects that damage nature could still end up being labelled as "sustainable". We take a closer look at why these concerns matter, and what they could mean for the future of sustainable development in Malaysia, with Hilary Kung, Senior Researcher at Sahabat Alam Malaysia (SAM), and Gulzhan Musaeva, an independent expert on sustainable finance.

<p>Sustainable finance has become a major part of the global push towards tackling climate change and protecting nature. By helping direct investment towards projects that deliver environmental and social benefits, it has the potential to reshape how development happens. Here in Malaysia, Bank Negara Malaysia and Securities Commission Malaysia are developing a Sustainable Finance Taxonomy to help classify which economic activities can be considered sustainable. But civil society groups <a target="_blank" rel="noopener noreferrer nofollow" href="https://foe-malaysia.org/articles/a-stronger-sustainable-finance-taxonomy-is-needed-for-our-forests-biodiversity-and-community-rights/">say</a> that the framework needs stronger safeguards for <a target="_blank" rel="noopener noreferrer nofollow" href="https://forestsandfinance.org/">forests</a>, biodiversity and community rights, and that without those protections, projects that damage nature could still end up being labelled as "sustainable". We take a closer look at why these concerns matter, and what they could mean for the future of sustainable development in Malaysia, with Hilary Kung, Senior Researcher at Sahabat Alam Malaysia (SAM), and Gulzhan Musaeva, an independent expert on sustainable finance.</p>

Climate change, ferocious weather and ‘the haze’ are now part our everyday lives. How are our lifestyles connected to them, and what can we do about it? What does the economy have to do with it? Earth Matters engages with activists and experts to explore our changing relationship with the planet that we only borrow from our children.