Bank Islam Berhad, an Islamic Bank based in Malaysia, has set a target to increase its Shariah-compliant environmental, social and governance (ESG) assets from RM 2.62 billion in June 2022 to RM 4 billion by the end of 2025. Bank Islam also launched an ESG Risk Management Framework this year to enhance board oversight on ESG and climate matters. Mohd Muazzam Mohamed, the group’s chief executive officer, said the bank has implemented approaches to consider the ESG risk profile of its customers and support them in their transition to low carbon development.

Source: Malay Mail