KUALA LUMPUR, May 12 (Bernama) — Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) and CIMB Group Holdings Berhad (“CIMB” or “the Group”) today entered into a Memorandum of Understanding (“MoU”) to accelerate the adoption of environmental, social and governance (“ESG”) practices among Malaysian Public Listed Companies (“PLCs”) through the #financing4ESG initiative. Through this MoU, CIMB will become the first home-grown bank to collaborate with the Exchange on #financing4ESG.
Under the MoU, CIMB will collaborate with Bursa Malaysia to offer sustainable finance offerings for Malaysian PLCs in alignment with the ratings model of the FTSE4Good Bursa Malaysia (“F4GBM”) index. The collaboration aims to help Malaysian PLCs improve their sustainability performance and ratings for inclusion into the index, and at the same time support their transition towards more sustainable business practices through various green, social, sustainable impact products and services (“GSSIPS”) offered by the Group.