KUALA LUMPUR: Renewable energy company reNIKOLA Holdings Sdn Bhd is issuing up to RM390mil sukuk that has been certified by the Climate Bonds Initiative or Green Sukuk.
In a statement, reNIKOLA said its Green Sukuk has been independently verified by RAM Sustainability Sdn Bhd to have complied with the science-based Climate Bonds Standard and Certification Scheme.
“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,” reNIKOLA managing director Boumhidi Adel said in the statement.
RAM Sustainability chief executive officer Gladys Chua said: “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.”
Climate Bonds Initiative is an independent international not-for-profit organisation working to mobilise financial markets for climate change solutions.
The Climate Bonds Initiative carries out market analysis, policy research, market development, advises governments and regulators, and administers a global Climate Bonds Certification Scheme. — Bernama
