Bank Pembangunan Malaysia Berhad (BPMB) Group has launched the second cohort of its Climate Finance Innovation Lab (CFIL), reinforcing its dedication to Malaysia’s climate transition. This industry-led platform, under the Joint Committee on Climate Change (JC3), is co-chaired by Bank Negara Malaysia and the Securities Commission Malaysia.
The CFIL is designed to support the development of investment-ready projects that are both climate and nature-positive. Zakiah Mat Esa, Chief Sustainability Officer of BPMB Group, stated, “CFIL reflects BPMB’s commitment to strengthening Malaysia’s climate finance ecosystem by supporting the development of investment-ready climate and nature-positive projects through strategic collaboration.”
The first cohort of CFIL demonstrated the effectiveness of this collaborative approach, with 23 climate-related projects requiring approximately US$850m in investment. Of these, 15 projects joined the CFIL Accelerator Programme, with one securing international grant funding and three showcased at the Sasana Symposium 2026.
The second cohort introduces enhanced eligibility criteria and a more structured selection process. It includes 22 projects across various sectors, such as Energy Transition, Green Innovation, and Sustainable Agriculture, with a total investment need of around US$423m.
CFIL aims to facilitate funding success for at least two projects, expanding partnerships with private equity firms, venture capitalists, and international grant providers. The programme will be executed in collaboration with the UN Global Compact Network Malaysia, Brunei & Cambodia, ahead of the JC3 Conference in September 2026. Through CFIL, BPMB continues to foster strategic partnerships and drive sustainable development in Malaysia.
