Incentivises SMEs to reduce emission targets through financing rebates
As part of the SLF launch, CIMB signed a Memorandum of Cooperation with MGTC. Both parties have commited to driving sustainability adoption among SMEs. The signing was witnessed by Nik Nazmi Nik Ahmad, Minister of Natural Resources, Environment and Climate Change. "This initiative by CIMB, in cooperation with MGTC, marks one such effort towards ensuring the resilience and competitiveness of our SMEs. Indeed, it is encouraging to see that a financial institution such as CIMB is taking steps to incentivise SMEs to reduce their GHG emissions and provide training and advisory services to get them started on their journey. This will certainly catalyse the transition of our local SMEs towards the green economy," Nik Nazmi said.
According to Shamsul, through LCOS, MGTC envisions a greener, more resilient country, where businesses, communities, and policymakers work hand in hand to create a legacy of environmental stewardship, leaving a lasting impact for generations to come.