reNIKOLA Holdings Sdn Bhd is issuing up to RM390 million Sukuk that has been certified by the Climate Bonds Initiative (Green Sukuk).
The Green Sukuk has been independently verified by RAM Sustainability Sdn Bhd to have complied with the science-based Climate Bonds Standard and Certification Scheme.
Climate Bonds Initiative is an independent international not-for-profit organisation working to mobilise financial markets for climate change solutions.
CEO of RAM Sustainability, Gladys Chua, commented, “The Green Sukuk by reNIKOLA is the first Certified Climate Sukuk by Climate Bonds Initiative in Malaysia and the world, marking a major milestone for the country towards encouraging more green, social or sustainable assets in the future.”
Managing Director of reNIKOLA, Boumhidi Adel, said, “This certification by Climate Bonds Initiative is momentous for reNIKOLA as it demonstrates our dedication to global best practice in climate finance. This is reNIKOLA’s second green sukuk in three years and underscores the ability of the Group to mobilise capital for green projects to drive Malaysia’s energy transition goals forward.”
Contributing his thoughts on the achievement by reNIKOLA, Sean Kidney who is the Chief Executive Officer of Climate Bonds Initiative added, “The global shift towards sustainable investments is gaining momentum, and this issuance demonstrates the increasing interest in financing projects that align with climate goals. By obtaining the Climate Bonds certification, reNIKOLA sets an example for other issuers, investors, and stakeholders, paving the way for a more robust and standardised green sukuk market.”
