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Our ESG journey

We are committed to upholding good environmental, social and governance (ESG) practices.

As part of our mission to Humanise Financial Services, we exist to be a force for good, doing the right things right and creating a sustainable future for all, through striking a strategic balance between being attentive to the implications of our actions on the communities we serve and to the needs of our different stakeholders.

Our ultimate ambition is to embed ESG principles across all our operations and decision-making, to drive change for a better world.

Writing the ESG story in ASEAN

Over the years, we have been leading the ESG discussion in our region, through our Invest ASEAN series of conferences, Captains Speak sessions and ESG initiatives with clients and investors.

Through both Islamic and conventional financing innovation, we have led green finance initiatives in ASEAN.

We are active owners of the ESG journey, applying an ESG mindset to every aspect of our business, including our investment products and advisory, support for under-served and vulnerable communities, ensuring inclusiveness and equitable opportunity in the workplace and the promotion of ESG-compliant financing.

The linkage from ESG to value creation is real. We have strategies in place to achieve ESG-positive outcomes for ourselves and our clients by providing offerings and solutions that deliver positive impact to the community and our stakeholders.

These are the common beliefs, ambitions and actions that energise our work each day.

Ensure a just transition to a low carbon economy
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We will not finance and new coal mining activity or any activities that resulted in new clearance of forests in Malaysia, whether for plantation, property development or construction.

We are working with our clients, relevant organisations, and countries in our region, to further explore the development of cleaner, more efficient, and environmentally friendly energy sources.

Promote development and growth
Some description We are prominent for our leadership in developing ASEAN's multinationals, SMEs and entrepreneurs; but we work equally hard in supporting economic growth and reductions in inequalities in the communities that grow alongside them.
Commit to a carbon neutral position
Some description We are continuously working to reduce our own carbon footprint, with a plan to bring our emissions in-line with national and international expectations by 2030. 
Build a strong ESG culture
Some description Sustainability-first is the mantra that drives our thinking and actions. By applying ESG-infused practices there will always be a more sustainable way, or a clear path to future sustainable outcomes. Our foundation in governance, ethics, trust, and transparency reflects the highest commitment to diversity, inclusion, equity, and privacy.
Our Support of Renewable Energy

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Since 2020 we have been involved in four large-scale solar photovoltaic power plant projects, with total financing of approximately RM1.3 billion. These projects provide an opportunity to replace conventional coal or gas-powered plants in the local energy grid and to lower carbon emissions. We also support the SunLease programme through a RM70 million loan to construct a 30MW rooftop photovoltaic system to generate cheaper electricity.

Cypark Refʼs 550 million SRI Sukuk Muhabarah Programme

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Cypark Refʼs 550 million SRI Sukuk is an award-winning, landmark green financing deal in Malaysia. We led the deal and brought in an unprecedented Solar Turnkey Financing Structure that enabled Cypark to tap into the debt capital market for the funding of three, separate, large scale solar projects. The three solar projects, 90MW in total, are projected to reduce greenhouse gas emissions by approximately 2.4 million tonnes over 21 years.

Supporting Innovation through Financing of Waste-to-Energy projects

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In 2020 we channeled RM374 million into refinancing waste-to-energy projects as an opportunity to advance renewable energy generation in Malaysia. These projects also support waste management efforts by incinerating municipal solid waste to produce steam for electricity generation. They are slated to convert 600 tonnes of waste per day, generating up to 25MW of power, with the potential to expand further in the future.