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CIMB announces US$666mil Sustainability-Linked Financing programme

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Supported by Malaysian Green Technology and Climate Change Corp Incentivises SMEs to reduce emission targets through financing rebates CIMB Bank Bhd and CIMB Islamic Bank Bhd announced the launch of Sustainability-Linked Financing (SLF) for small and medium enterprises (SMEs) as a part of its GreenBizReady proposition. With an allocation of US$666 million (RM3 billion) through 2030, CIMB is the first bank in the market to offer SMEs value propositions for sustainability-linked financing, including simple tools for measurement and verification.

Incentivises SMEs to reduce emission targets through financing rebates

As part of the SLF launch, CIMB signed a Memorandum of Cooperation with MGTC. Both parties have commited to driving sustainability adoption among SMEs. The signing was witnessed by Nik Nazmi Nik Ahmad, Minister of Natural Resources, Environment and Climate Change. "This initiative by CIMB, in cooperation with MGTC, marks one such effort towards ensuring the resilience and competitiveness of our SMEs. Indeed, it is encouraging to see that a financial institution such as CIMB is taking steps to incentivise SMEs to reduce their GHG emissions and provide training and advisory services to get them started on their journey. This will certainly catalyse the transition of our local SMEs towards the green economy," Nik Nazmi said.

According to Shamsul, through LCOS, MGTC envisions a greener, more resilient country, where businesses, communities, and policymakers work hand in hand to create a legacy of environmental stewardship, leaving a lasting impact for generations to come.

 

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