RHB Bank has launched a RM1 billion ($226,014,238) Sustainable Trade Finance Programme (STFP/-i) to accelerate Malaysia’s efforts toward achieving net-zero emissions by 2050. This programme is designed to assist corporate, commercial, and SME customers in adopting environmentally sustainable practices while navigating the transition to a low-carbon economy.
The STFP/-i addresses the working capital needs of businesses engaged in renewable energy, energy-efficient solutions, and other low-carbon activities. By enabling incremental adoption of green practices, the programme helps businesses reduce carbon emissions and align with Malaysia’s National Energy Transition Roadmap.
“This programme fosters an ecosystem where businesses can unlock the potential of climate finance while mitigating carbon-related risks. It reflects our strategy to deliver innovative financial solutions that account for the true cost of carbon, enabling businesses to fulfil decarbonisation objectives and achieve long-term competitiveness in a sustainable economy,” said Angus Salim Amran, Head of Sustainable Finance at RHB Bank.
Building on RHB’s Sustainability Financing Programme introduced in 2021, the STFP/-i is part of the bank’s pledge to mobilise RM50 billion in sustainable financial services by 2026. The initiative is expected to generate ripple effects across supply chains, contributing to Malaysia’s broader decarbonisation efforts.
The STFP/-i provides short-term, multi-tenured financing, enabling businesses to embark on projects that prioritise sustainability while positioning themselves for success in an increasingly green economy.
