AEON Credit Service (M) Berhad has secured a total of RM600 million in Sustainability-Linked Loans with three-year tenure for the first time with two Japanese banks and a local bank, namely Mizuho Bank (Malaysia) Berhad, MUFG Bank (Malaysia) Berhad and CIMB Bank Berhad.
The finance company said the SLLs will be used for general working capital and refinancing purposes as well as to enhance its sustainability performance that contributes to the United Nations’ Sustainable Development Goals (SDGs).
Predetermined Sustainability Performance Targets (SPTs) in accordance with the Group’s existing sustainability framework are established for assessment purposes upon securing the said SLLs. AEON Credit will be incorporating the SPTs into the assessment of business and financial performance where interest rate adjustment is subjected to the achievement of the targets.
Mr Daisuke Maeda, Managing Director of AEON Credit, said “Securing the SLLs marks another milestone of the Group to continually strengthen our commitments towards ESG while creating long-term value for our stakeholders where we operate.
We have set our commitments including being the market leader for electric motorcycle financing, providing financial inclusion for micro-enterprises, promoting ESG education in school while continuing our efforts to work towards carbon-neutral business and uphold good corporate governance practices.”
