Malayan Banking Bhd (Maybank) will implement a RM50 billion sustainable finance framework in Malaysia during 2021. The framework will include direct loan and investment, in addition to services such as coordinating, monetising, financing, underwriting and advisory. The bank is also seeking to scale up existing green, social, and sustainability bonds (sukuk). Maybank will increase funding for green projects, as well as environmental, social, and governance (ESG) funds, loans, and sustainability-linked products and services.
Maybank had recorded RM8 billion in green financing and renewable and alternative energy loans as of March 2021.
