CIMB Bank Bhd and CIMB Islamic Bank Bhd have launched a one-stop sustainability solution for local small and medium enterprises (SME). GreenBizReady will provide the SMEs with a competitive advantage by equipping them with practical knowledge and tools to incorporate economic, environmental and social (EES) considerations into their business, CIMB said in a statement. This would help the SMEs become sustainability-ready for long-term business resilience, said CIMB, adding it will also help them tap into the support and incentives provided by various government agencies that are tasked with accelerating the adoption of the green economy. “Through GreenBizReady, CIMB hopes to catalyse the transition of Malaysian SMEs towards the green economy, in line with the Malaysian government’s aim of advancing the sustainability agenda as part of a holistic and inclusive economic approach,” CIMB said. With an allocation of RM250 million, SMEs will be empowered through financial solutions and incentives such as sustainability-linked financing benefits, access to sustainability service providers, training and capacity building, certification and advisory services, and business matching with support from industry leaders and government agencies, the statement read. “CIMB’s GreenBizReady solution will enable SMEs to embark on their transition towards sustainability, in line with global standards and best practices,” said CIMB Islamic CEO Ahmad Shahriman Mohd Shariff.

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