This included embedding climate-related analysis into core capabilities, such as investment portfolios, credit analysis, risk management and business continuity management.

AICB chairman Azman Hashim said the institute was seeing banks stepping up their efforts, and developing new analytical tools and approaches to integrate climate risk management within their banks.

“Chartered bankers can play a key role to drive these initiatives which will strengthen the resilience of the banks and complement the country’s sustainable development goals,” he said when addressing recipients at AICB’s 4th chartered bankers’ conferment ceremony.

The virtual event saw AICB confer the chartered banker status on 276 bankers.

Azman said banks must remain committed to the broader set of environmental, social and governance (ESG) agenda.

Banks, he said, need to strengthen existing commitments and, where necessary, initiate additional ESG initiatives.

“As such, capacity building remains essential to developing professional bankers with the right mindset, skills and competence.

“This will further cultivate a strong ethical culture and support the sustainability agenda.”

AICB’s chief executive Edward Ling said the globally recognised chartered banker programme equips graduands with extensive knowledge and professional requirements.

It empowered them to “form sound judgment and make good decisions to ensure the sector’s successful transition to a responsible and sustainable industry”, he added.