CIMB Bank and SME Corporation Malaysia are collaborating to assist SMEs on their ESG pathway and also develop areas on sustainability into their operations.
The collaboration will provide SMEs complimentary tools such as the MSME ESG Assessment, which provides an instant ESG indicator score on the SME's level of ESG readiness, as well as the ESG Quick Guide for MSMEs, which offers simple step-by-step guidance for SMEs to integrate ESG practices and develop a sustainability report. In addition, SME Corp. Malaysia also offers workshops, training and networking opportunities for CIMB's SME customers to expand their knowledge and capabilities.
Rizal bin Dato' Nainy, Chief Executive Officer of SME Corp. Malaysia said, "Being ESG-ready is a huge advantage for SMEs to access local and global markets. Hence, through this collaboration, more SMEs can gauge their ESG readiness and access valuable information and guidance to initiate ESG practices in their businesses."
Ahmad Shazli Kamarulzaman, Co-Chief Executive Officer of Group Commercial and Transaction Banking, CIMB Group said, "We are pleased to collaborate with SME Corp. Malaysia under our GreenBizReadyTM ecosystem, providing crucial support for our customers to start with small steps and enable access to incentives that will help them achieve their sustainability goals. At CIMB, we are committed in our efforts to facilitate the transition of Malaysian SMEs towards a low-carbon economy, in line with the Government's holistic sustainability agenda. In support of this, we are pleased to introduce the Playbook which aims to empower SMEs with practical sustainability knowledge and examples to integrate sustainable practices into their business operations while reducing costs."
Meanwhile, the newly launched Playbook outlines practical solutions for SMEs to reduce carbon emissions from electricity, petrol or diesel, providing access to free, user-friendly tools such as carbon emissions calculators that can be used to estimate their emissions and identify potential savings. It also contains relevant resources for SMEs to enhance their sustainability practices through guidance on policies and incentives, as well as sustainable finance options to boost their
transition.
The Event offers year-round tailored customer engagements, continuous learning and collaboration opportunities exclusively for CIMB Commercial Banking customers. Customers gained crucial insights on material matters on their businesses through networking sessions with industry leaders and government agencies, such as SME Corp. Malaysia, TERA VA Sdn. Bhd.,
Maqo Engineering Sdn. Bhd., Malaysia Association of Energy Service Companies ("MAESCO"), Malaysian Green Technology and Climate Change Corporation ("MGTC"), Malaysia External Trade Development Corporation ("MATRADE") and Malaysian Investment Development Authority ("MIDA"), facilitated by CIMB.