HSBC Amanah Malaysia Berhad has developed its work framework to help the Bank further its aspirations as a practitioner of Value-Based Intermediation. The Tripple Bottom Line Framework is to help the bank classify its financing and measure its impact with regard to the lens of TBL via the 3’Ps – Planet, People and Prosperity – in keeping with VBI guidance issued by Bank Negara Malaysia.
The TBL Framework has also been reviewed by the United Nations Global Compact Network Malaysia and Brunei as a Second Party Opinion provider.
Faroze Nadar, Executive Director, United Nations Global Compact Malaysia and Brunei said: “The process that has been undertaken to develop HSBC Amanah’s TBL Framework is a detailed, methodological and verifiable approach that aligns towards meeting the targeted SDGs. With the reviewed systems in place, we are confident and agree that HSBC Amanah’s TBL Framework is suitable to be utilised as a method to classify its assets as meeting its sustainability objectives. This Framework sets a best practice for the industry as we work collectively to achieve net zero for Malaysia by 2050.”
Raja Amir Shah Raja Azwa, Chief Executive Officer, HSBC Amanah said: “The TBL Framework serves as the cornerstone to help achieve HSBC Amanah’s TBL aspirations. It is intended to be an approach to classification, governance and process implementation in relation to financing assets that are originated by and/or managed by HSBC Amanah. With this clarity, HSBC Amanah seeks to become a leading and prominent VBI practitioner in Malaysia.”
