Bank Islam Improves ESG Rating, Sets Ambitious FY24 Targets
Bank Islam Improves ESG Rating, Sets Ambitious FY24 Targets
The bank has also initiated the collation of Scope 3 emissions from corporate clients and is developing a climate transition plan as part of its broader sustainability policy. BIMB's target is to double its ESG-rated financing assets by 2025 while creating tangible social impacts such as benefitting 3,000 individuals through social finance initiatives. Furthermore, the bank aims to elevate its employee engagement and readiness to match national benchmarks for the best workplace environments.Bank Islam Malaysia Berhad (BIMB) has reported an improvement in its Environmental, Social and Governance (ESG) score, which now stands at 57 out of 100. This represents significant progress from the previous score of 43, reflecting advancements in BIMB's sustainability efforts.
马来西亚伊斯兰银行（BIMB）报告称其环保、社会和公司治理（esg）得分有所提高，目前为100分的57分。这表明BIMB在可持续发展方面取得了显著进展，与之前的43分相比有所提升。
As BIMB embarks on an enhanced sustainability journey, Maybank Investment Bank Bhd (Maybank IB) has maintained a HOLD rating on the bank, with a target price of RM2.75. This valuation is based on a projected financial year 2025 (FY25) price-to-book value ratio of 0.8 times and a forecasted return on equity of 7.9%.
随着BIMB开始加强可持续发展之旅，马来亚银行投资银行马来亚银行（Maybank IB）维持对该银行的持有评级，目标价为RM2.75。这一估值基于2025年财政年度的账面价值倍率预计为0.8倍，预测净资产回报率为7.9%。
BIMB's ESG score, now above the average rating of 50 on Maybank IB's scale, reflects the bank's expanded ESG initiatives. Key developments include the establishment of an ESG credit risk guideline and the collection of data on Scope 1 and 2 emissions to monitor and set reduction targets.
BIMB的esg得分如今已超过马来亚银行投资银行规模中50分的平均评分，反映了该银行扩大了esg倡议。主要进展包括制定了esg信用风险指南，并收集了关于1和2范围排放的数据以监测并设定减排目标。
The bank has also initiated the collation of Scope 3 emissions from corporate clients and is developing a climate transition plan as part of its broader sustainability policy. BIMB's target is to double its ESG-rated financing assets by 2025 while creating tangible social impacts such as benefitting 3,000 individuals through social finance initiatives. Furthermore, the bank aims to elevate its employee engagement and readiness to match national benchmarks for the best workplace environments.
该银行还着手整理公司客户的3范围排放，并正在制定气候过渡计划，作为其更广泛可持续性政策的一部分。BIMB的目标是到2025年将其esg评级融资资产翻倍，同时创造切实的社会影响，例如通过社会金融倡议使3,000人受益。此外，该银行旨在提升员工的参与度和准备度，以匹配国家最佳工作环境的标准。
Financially, BIMB's management has set ambitious goals for FY24. These targets include 7%-8% financing growth, a net interest margin above 2.1% and a gross impaired financing ratio under 1.1%. In the first half of FY24, BIMB achieved 2.4% financing growth, a gross impaired financing ratio of 0.92% and a credit cost of 23 basis points. The bank is also focused on technology investments and workforce development, aiming to bring its cost-to-income ratio down to 55% over the next three years from its current 63.1%.
在财务方面，BIMB的管理团队为2024财年设定了雄心勃勃的目标。这些目标包括7%-8%的融资增长、净利息收益率超过2.1%和总不良融资比率低于1.1%。在2024财年上半年，BIMB实现了2.4%的融资增长、0.92%的总不良融资比率和23个基点的信贷成本。该银行还专注于技术投资和员工培训，计划在未来三年将其成本收入比率从当前的63.1%降低至55%。
