Malayan Banking Berhad (Maybank) has mobilised a cumulative RM34.37 billion in sustainable finance between 2021 and 2022, said its chief sustainability officer Shahril Azuar Jimin. A total of RM7.53 billion in sustainable finance was mobilised for retail financing while RM26.84 billion was mobilised for non-retail financing, which includes group global banking, business banking and Maybank’s insurance arm Etiqa. Maybank also formulated its own sustainable product framework to enable greater green, social and sustainable product development. Its initial RM50 billion target in sustainable finance to be mobilised by 2025 to help one million households was further raised to RM80 billion in February this year to help two billion Asean households.

Source: The Star