International Best Practices Seminar “Financing Solutions for the Future of Green Growth in Malaysia”

KUALA LUMPUR, 9th October 2012 – The EU and the British High Commission are helping to
boost Malaysia's green technology drive by co-funding the Seminar on “Financing Solutions for the Future
of Green Growth in Malaysia” on 9 October. The aim of the Seminar is to close the green financing gap
between businesses and financial institutions. The Seminar, executed by EU-Malaysia Chamber of
Commerce & Industry (EUMCCI) via its Green Finance Task Force and co-organized by Malaysian Green
Technology Corporation and supported by the Ministry of Energy, Green Technology and Water (KeTTHA), will contribute to advancing the “GreenTech for Growth” theme for IGEM 2012.

"Green finance is the key to unlocking the green economy. Whether for cleaner production, energy
efficiency or waste management, both EU and Malaysian companies need access to new and innovative
financial services and products. The Emissions Trading Scheme, green banking and climate finance funds,
are some of the ways in which the EU is pushing the green finance frontier. The Seminar presents the EU
with the opportunity to partner with Malaysia to bring about a greener global economy" said His Excellency
Luc Vandebon, Ambassador and Head of the EU Delegation to Malaysia.

(From Left to Right) Dato' Paduka Prof. (Dr.) Ir. Hj. Keizrul Abdullah, Pn. Hjh. Nor' Aini Abdul Wahab, Dato' Sri Peter Chin Fah Kui, His Excellency Luc Vandebon, David Vincent and Fermin Fautsch.

EUMCCI’s Green Finance Task Force’s mission in this Seminar is to bridge the gap in green financing
between SMEs and financial institutions and to reduce the existing green financing barriers and gaps
between green entrepreneurs/business especially SMEs and banks in Malaysia by leveraging on SMART
(Specific, Measurable, Attainable, Relevant and Time-bound) tools. In the morning, green industries are
divided into Green Working Groups and bankers are divided into Financial Solutions Working Groups during the breakout sessions. Participants are expected to use the tools given by the trainers to build framework models of how companies should participate in a green economy. They would also have insights into the credit assessment evaluation risk criteria and the risk assessment exercises carried out for green projects.

In the afternoon, both groups are merged into Solutions Working Groups. They will be given more case
studies to enable them to apply what they learned in the morning to produce group thought out solutions
before the trainer provides the actual solutions to the case studies. They will end the day with a session on
Sustainability Index- A Green Finance Tool and how it is used to manage sustainability portfolios.

This Seminar in bringing both green industry players and bankers together is one amongst the many ways
that could contribute to the longer term impacts for Malaysia’s green economy. “There is an overwhelming
moral and political case for tackling climate change and growing the green economy. But there is an
overwhelming business case as well – and huge opportunities for emerging financial centres such as Kuala
Lumpur in supplying the range and depth of products and services needed. It is not a question of if we
green our economies, it is when and how” said Mr. David Vincent, Head of UK’s South East Asia Regional
Climate Change Network, British High Commission, Singapore.

The EU and Malaysia are collaborating closely in the green technology sector which will create long term
impacts for Malaysia. It will drive the Malaysian government to implement a new kind of economy, which is
resilient, sustainable, operates within the limits of our planet’s resources and creates a fairer society. Mr.
Ahmad Zairin Ismail, Acting-CEO, Malaysian Green Technology Corporation said “It’s been over two year
since the launch of the GTFS and I’m pleased to announce that the scheme has achieved great success with
67 projects receiving loan offers from participating financial institutions worth close to RM 800 million. I’m
also delighted to highlight that 24 financial institutions have offered loans under the scheme to applicants so far, some financing up to 6 projects over the last two and a half years. These numbers alone show that
the green revolution is catching on fast in Malaysia”.

Such thematic issues spurring the growth of green technology development in Malaysia can assist policy
makers to develop and contribute to this Global Green Economy and to be able to know how to measure
resources, economic activity and progress, accurately and appropriately. Policy support for green transition
could create thousands of jobs’ in various green sectors. In turn key goals, including developing industries
which reduce our reliance on natural resources, and alleviating poverty can be achieved. Malaysian
government will know and appreciate the need of creating Green stimulus packages and raising the bar on
governance in achieving a green economy. Successful governance in one’s country contributes to the global
green economy which involves contributing to positive institutional change.