CIMB Bank Berhad launched its Greenhouse Gas Advisory Service, designed to help small and medium enterprises and mid-tier companies kickstart and advance in their decarbonisation journey, while meeting regulatory and supply chain requirements, in a practical, business- focused manner.
Malaysia’s National Sustainability Reporting Framework mandates all listed and non-listed companies with annual revenue of RM2 billion and above to adopt climate- related disclosures, including Scope 3 emissions from their supply chains (e.g. SMEs).
Additionally, the Companies Commission of Malaysia recently published a Consultative Document, proposing mandatory GHG Scope 1 and 2 disclosure requirements for non-listed companies, including those with annual revenue exceeding RM15 million. As such, regardless of whether SMEs are required to publicly disclose their emissions, those within the supply chains of larger corporates will be asked to provide emissions data to enable the corporates to meet their own disclosure requirements.
Recognising that SMEs and MTCs are now required to act but may need the expertise and resources to begin, CIMB’s GHG Advisory, structured based on NSRF, aims to help them prepare to meet these increasing regulatory and supply-chain expectations. Ahmad Shazli Kamarulzaman, Co-Chief Executive Officer of Group Commercial Banking,
The programme will see CIMB team of experts help to identify practical solutions with strong commercial outcomes, including energy-efficiency solutions, operational optimisation, solar power and battery installations as well as circular economy practices. These measures help to lower operational costs, improve productivity and strengthen competitiveness, while lowering emissions.
Customers may opt to undertake identified improvements with one of CIMB’s GreenBizReady associates and can finance the initiatives through Sustainability Linked Financing , where customers who achieve pre-determined GHG emission reduction targets could enjoy financing rebates of up to 0.50% per annum, making the climate transition both achievable and commercially beneficial.
By integrating advisory support, decarbonisation solutions and financing incentives under solutions, CIMB seeks to enable smaller companies to advance from awareness to implementation, strengthening long-term business resilience.
