KUALA LUMPUR, June 22 (Bernama) -- CIMB Bank Berhad and CIMB Islamic Bank Berhad (collectively “CIMB” or “the Bank”) today launched its Greenhouse Gas (“GHG”) Advisory Service (“the Advisory Service”), a new offering under the multiple award-winning GreenBizReady™ proposition. The Advisory Service is designed to help small and medium enterprises (“SMEs”) and mid-tier companies (“MTCs”) kickstart and advance in their decarbonisation journey, while meeting regulatory and supply chain requirements, in a practical, businessfocused manner.
Malaysia's National Sustainability Reporting Framework (“NSRF”) mandates all listed and non-listed companies with annual revenue of RM2 billion and above to adopt climaterelated disclosures, including Scope 3 emissions from their supply chains (e.g. SMEs). Additionally, the Companies Commission of Malaysia’s (“SSM”) recently published a Consultative Document, proposing mandatory GHG Scope 1 and 2 disclosure requirements for non-listed companies, including those with annual revenue exceeding RM15 million. As such, regardless of whether SMEs are required to publicly disclose their emissions, those within the supply chains of larger corporates will be asked to provide emissions data, to enable the corporate to meet their own disclosure requirements.
Recognising that SMEs and MTCs are now required to act but may need the expertise and resources to begin, CIMB’s GHG Advisory, structured based on NSRF, aims to help them prepare to meet these increasing regulatory and supply-chain expectations.
Ahmad Shazli Kamarulzaman, Co-Chief Executive Officer of Group Commercial Banking, CIMB Group said, “We recognise that while many businesses need to start measuring their carbon emissions, technical complexity and compliance costs often present a barrier. Our GHG Advisory Service aims to simplify this process by translating complex climate and emissions requirements into practical, business-focused actions with sectorspecific guidance and tools to measure and manage their carbon footprint.
We can help businesses to identify operational improvements and opportunities that support decarbonisation, cost savings and business growth, including protecting against shocks such as escalating fuel and energy prices due to geopolitical uncertainty such as the Iran war. In line with our Forward30 strategy, we are committed to making the lowcarbon transition more accessible and actionable for businesses, while empowering them to build long-term resilience and competitiveness.”
Adopting a cost-first approach, CIMB’s team of experts help to identify practical solutions with strong commercial outcomes, including energy-efficiency solutions, operational optimisation, solar power and battery installations as well as circular economy practices. These measures help to lower operational costs, improve productivity and strengthen competitiveness, while lowering emissions. Customers may opt to undertake identified improvements with one of CIMB’s GreenBizReady™ associates, and can finance the initiatives through Sustainability Linked Financing (“SLF”), where customers who achieve pre-determined GHG emission reduction targets could enjoy financing rebates of up to 0.50% per annum, making the climate transition both achievable and commercially beneficial.
SLF is a flexible financing solution where the cost of financing is linked to a company’s sustainability performance. While SLF are typically only offered to larger corporates due to their bespoke nature, CIMB aims to extend SLF benefits to SMEs and MTCs through the Advisory Service under the GreenBizReady™ proposition. The Bank has committed a total allocation of RM3 billion until 2030 for the SLF programme, with the aim to create a more inclusive and accessible sustainable finance landscape.
By integrating advisory support, decarbonisation solutions and financing incentives under GreenBizReady™, CIMB enables smaller companies to advance from awareness to implementation, strengthening long-term business resilience. This supports the Bank’s target of mobilising RM300 billion in sustainable finance by 2030 while expanding its advisory, carbon and nature finance offerings.
For more information about CIMB’s GreenBizReady™ and its GHG Advisory service, please visit
https://cimb.com.my/greenbizready.
SOURCE: CIMB Group
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Anis Azharuddin / Kelvin Jude Muthu
Group Corporate Communications
CIMB Group Holdings Berhad
Email: anis.azharuddin@cimb.com / kelvinjude.muthu@cimb.com
--BERNAMA