by Raymond Ling Leh Bin*, Siti Nurhidayah Mohd Roslen, Salizatul Aizah Ibrahim, Lee Sin Yee, Tung Soon Theam

University Tunku Abdul Rahman (Malaysia), Malaysia

Full Text:  Abstract  Green bonds issuance in recent years become a global increasingly attractive mechanism for both private and public sector organizations to raise capital for projects, assets or other activities that benefit the economy, environment and society as a whole.  Inevitably in a fast-growing capital market in Malaysia, confusion and challenges may arise as organizations assess whether issuing a green bond is the right course of action for them and seek to understand the value creation from the process involved.  By reviewing critically on the various literatures, this conceptual study aims to outline the possible costs, benefits and challenges for corporations in issuing the green bonds which could result in accelerating green investments, and the significant benefits in terms of company reputation, access to capital and internal legitimacy linked to the issuance of a green bond.  Also, this study proposed the semi-structured interviews and survey in order to seek and highlight the possible challenges and opportunities in the green bond market and Social Responsible Investments (SRI) in Malaysia.  From the retrospective reviews, this study shall provide conceptual perspectives and insights on the process of issuing a green bond, and thus delivering responsible and sustainable outcomes for nation.

Keywords: Green bonds, sustainable development, Socially Responsible Investment (SRI), Environmental, Social and Governance (ESG) issues

Updated:: 22/02/2022 [syazmer]