RHB Bank has introduced a RM1 billion Sustainable Trade Finance Programme (STFP/-i) to support corporate, commercial, and SME customers in adopting low-carbon practices.
This initiative aims to advance Malaysia’s goal of achieving net-zero emissions by 2050 while helping businesses navigate the transition to a sustainable economy.
The STFP/-i provides short-term, multi-tenured financing to businesses engaging in environmentally sustainable activities, including renewable energy production, energy-efficient solutions, and other low-carbon ventures.
By offering tailored financial support, the programme addresses working capital needs while enabling the incremental integration of sustainability practices to mitigate transition-related risks.
This initiative builds on RHB’s Sustainability Financing Programme, launched in 2021, and is part of its broader commitment to mobilise RM50 billion in sustainable financial services by 2026.
By prioritising sectors identified in Malaysia’s National Energy Transition Roadmap, RHB aims to create ripple effects across supply chains, contributing to carbon reduction and fostering a low-carbon economy.
Angus Salim Amran, Head of Sustainable Finance at RHB Bank, said,
“Through the STFP/-i, we are fostering an ecosystem where businesses can unlock the true potential of climate finance while mitigating carbon-related risks.
This initiative also reflects our strategy to deliver innovative sustainable financial solutions that price in the true cost of carbon risk to help businesses fulfill decarbonisation and transition objectives. By acting now, businesses can benefit from lower decarbonisation costs and position themselves for long-term success in a competitive market.”
Featured image credit: Edited from Freepik
