KUALA LUMPUR, July 31 (Bernama) — CIMB Bank Berhad and CIMB Islamic Bank Berhad (collectively “CIMB” or “the Bank”) have enhanced their GreenBizReady proposition with the launch of Sustainability-Linked Financing (“SLF” or “the Programme”) for small and medium enterprises (“SMEs”). With a total allocation of RM3 billion through 2030 for the Programme, CIMB is the first bank in the market to offer a complete value proposition for SMEs to tap into sustainability-linked financing opportunities, including simple tools for measurement and verification.
The SLF aims to incentivise SMEs to achieve credible greenhouse gas (“GHG”) emission reduction targets through attractive financing rebates of up to 0.50% per annum, as they secure financing to meet their capital or expansion needs. Once sustainability performance targets have been agreed with CIMB, SMEs only need to input data such as energy and fuel consumption into Malaysian Green Technology and Climate Change Corporation’s (“MGTC”) Low Carbon Operating System (“LCOS”) platform, a simple and user-friendly web-based tool. Additionally, by combining the SLF with Bank Negara Malaysia’s (“BNM”) Low Carbon Transition Facility (“LCTF”), SMEs can also benefit from better financing rates.
http://mrem.bernama.com/viewsm.php?idm=46697
