RHB Banking Group supports the United Nations Sustainable Development Goals (“SDGs”) hence it has established a roadmap in promoting sustainable and responsible financing within the Group by embedding sustainable practices into the Group’s business and operations.
It has committed RM5 bil in support of green financing by 2025, through its core business activities of lending, capital markets advisory and fundraising, and investment, in line with its sustainability framework.
As at Sept 30, 2020, the Group has grown its green financing portfolio to RM3 bil, up 6.3% from Dec 31, 2019, in support of green projects which include renewable energy, green buildings, sustainable water and wastewater management.
RHB’s sustainable financing framework has earned the Group accolades, among which include its investment banking arm , RHB Invesment Bank recently awarded the Green Deal of the Year at the Asian Banking & Finance Corporate & Investment Banking Awards 2020 for arranging a RM200 mil ASEAN Green SRI Sukuk programme.
The programme also bagged the Best ASEAN Green SRI Sukuk at The Asset Triple A Islamic Finance Awards 2020.
Commenting on this, RHB Banking Group managing director Datuk ’ Khairussaleh Ramli said: “We have put in place a clear roadmap in promoting sustainable and responsible financing within the Group, by ensuring that our risk management processes integrate Environmental, Social and Governance (“ESG”) considerations.
“We are stepping up our efforts to support the country’s aspiration to transition to a low-carbon and climate resilient economy.”
He added, promoting the growth of the green economy involved channelling capital towards supporting sectors and economic activities and that required nurturing of businesses, stimulating innovation as well as development of environmentally-friendly products and services.
“We hope to play a bigger role in supporting the growth of the green economy by encouraging our customers to adopt more sustainable business practices.
“Our role within the community goes beyond simply advocating commitment to green financing, but also ensuring socio economic well-being of our communities,” noted Khairussaleh.
For more details on the Group’s approach to sustainability, visit www.rhbgroup.com – Nov 11, 2020
