Adel says the certification of reNIKOLA’s sukuk marks a major milestone for Malaysia’s sustainable finance market and encourages more climate-aligned financing in the future.
GREEN or sustainable financing has been making headlines in recent years as the business world sets a higher premium on companies compliant with environmental, social and governance (ESG) standards.
Earlier this week, Malaysian pure-play renewable energy (RE) company, reNIKOLA Holdings Sdn Bhd, jumped onto the same bandwagon after it announced the issuance of the world’s first sukuk certified by the Climate Bonds Initiative (CBI).
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