KUALA LUMPUR, Feb 14 (Bernama) — CIMB Bank Berhad (“CIMB” or “the Bank”) announced today that it has onboarded Intercontinental Specialty Fats Sdn. Bhd. (“ISF”) as the latest client in the Bank’s landmark Sustainability-Linked Treasury Programme (“the Programme”). ISF’s participation in the Programme is the first by a Japanese and foreign multi-national corporation (“MNC”) in Malaysia as it is a wholly-owned subsidiary of The Nisshin OilliO Group, Ltd. (“The Nisshin OilliO Group” or “the Group”), the largest processer and marketer of edible oils in Japan and one of the global leaders in the edible oil industry.
Under the Programme, ISF stands to receive a rebate linked to the achievement of pre-agreed Sustainability Performance Targets (“SPTs”). SPTs are unique to each client’s business profile and sustainability aspirations, and are subjected to stringent independent third party verification.