HB Banking Group is implementing sustainability initiatives to support small and medium-sized enterprises (SMEs) in Malaysia in advancing sustainable business practices. This effort acknowledges the role of SMEs as key drivers of the economy and their potential collective impact on the environment. RHB's sustainability programs include the Group Climate Action Programme (GCAP), which focuses on climate considerations in core business strategies, and sustainable financial services, offering attractive terms through the Sustainable Financing Programme. RHB has approved over MYR900mn in SME Sustainable Financing, with MYR102mn mobilized through Bank Negara Malaysia's Low Carbon Transition Facility. The bank aims to mobilize MYR20bn in sustainable financial services by 2026, with a substantial portion dedicated to SMEs. To support SMEs in their sustainability transition, RHB has appointed dedicated sustainable finance sector specialists, engaged in strategic partnerships, and worked closely with industry leaders and experts to guide SMEs in adopting sustainable practices.

Source: Thestar