MALAYSIA: CIMB Bank and CIMB Islamic Bank have launched the Sustainability-Linked Financing (SLF) program offering RM3 billion (US$662.1 million)-worth of financing opportunities for SMEs through 2030 as part of GreenBizReady, CIMB’s one-stop sustainability ecosystem for SMEs, a press release announced.
The SLF aims to incentivize SMEs to achieve credible greenhouse gas emission reduction targets through attractive financing rebates of up to 0.5% per annum, as they secure financing to meet their capital or expansion needs.