UOB Malaysia Kicks off Sustainability Accelerator to Help SMEs Go Green
by Fintech News Malaysia October 18, 2023UOB Malaysia has launched the Jom Transform – Sustainability Accelerator Programme (JT-SAP) to help small and medium enterprises (SMEs) adopt sustainable practices and accelerate their transition to a low carbon economy.
The inaugural JT-SAP brings together over 150 SMEs and industry associations for a three-day workshop. Participants will learn about international case studies, key trends, solutions, and insights on sustainability to help them future-proof their businesses and improve their competitiveness.
UOB Malaysia is also rolling out the UOB Sustainability Compass which provides businesses with customised reports based on their sectors and sustainability readiness.
Developed with PwC, the UOB Sustainability Compass report guides SMEs through a roadmap that identifies the different phases of becoming sustainable. They are educated on the regulations, standards, and certifications that affect their sectors and are recommended sustainable financing solutions to kick-start their sustainability initiatives.
During the JT-SAP workshop, participating SMEs will have the opportunity to evaluate their sustainability maturity stages and receive personalised UOB Sustainability Compass reports which outline actionable steps and data points to further develop concrete ESG plans.
Ng Wei Wei
Ng Wei Wei, Chief Executive Officer of UOB Malaysia said,
“We are proud to launch the Jom Transform Sustainability Accelerator Programme, designed to equip SMEs with the right knowledge and tools to facilitate their transition.
By adopting green practices, SMEs will be able to better manage their business risks and leverage sustainability opportunities to carve out a competitive edge for themselves.”
Beh Wee Khee
Beh Wee Khee, Managing Director and Country Head of Commercial Banking, UOB Malaysia said,
“While many SMEs understand the importance of pivoting their practices to reduce their carbon emissions, they require more assistance to kick-start their green journey.
With the UOB Sustainability Compass, the bank hopes to value-add by hand-holding these businesses to overcome their initial barriers.”
Featured image: Ng Wei Wei, Chief Executive Officer, UOB Malaysia with YB Liew Chin Tong, Deputy Minister of Investment, Trade and Industry Malaysia at the launch ceremony.
