CIMB launches GreenBizRead for SMEs

TheStar Wed, Feb 03, 2021 02:40pm - 3 years View Original


KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd have launched the CIMB GreenBizReady, a one-stop sustainability solution for Malaysian small and medium enterprises (SMEs) towards the green economy.

“With an allocation of RM250mil, SMEs will be empowered through financial solutions and incentives such as sustainability-linked financing benefits, access to sustainability service providers, training and capacity building, certification and advisory services, and business matching with support from industry leaders and government agencies,” CIMB said in a statement Wednesday.

Through GreenBizReady, CIMB hopes to catalyse the transition of Malaysian SMEs towards the green economy, in line with the Malaysian Government’s aim of advancing the sustainability agenda as part of a holistic and inclusive economic approach.

According to CIMB, GreenBizReady would provide SMEs with a competitive advantage by equipping them with practical knowledge and tools to incorporate economic, environmental and social (EES) considerations into their business, helping them become sustainability-ready for long-term business resilience.

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