At the launch of Maybank Sustainability Practitioner Programme, Finance Emissions Calculator and Maybank MyImpact Credit Card. From left: Maybank Head Community Financial Services Malaysia Datuk Hamirullah Boorhan, Chairman Tan Sri Datuk Sri Zamzamzairani Mohd Isa, Group president and CEO Datuk Khairussaleh Ramli, Group CEO, Community Financial Services Datuk John Chong, Head Cards and Wealth B. Ravintharan. — LOW LAY PHON/The Star
PETALING JAYA: Malayan Banking Bhd
(Maybank) has cumulatively mobilised close to RM40bil in sustainable finance and improved nearly 970,000 households across Asean since 2020.
Maybank group president and chief executive officer Datuk Khairussaleh Ramli said the bank has reduced 43.5% of its scope 1 and 2 emissions as well as achieving close to 260,000 annual sustainability hours.
“I am pleased to mention that we continue to progress in our sustainability commitments and is in line with our M25+ strategic thrusts of becoming a sustainability leader in the region,” he said at the launch of the new myimpact credit card.
Khairussaleh said Maybank has also implemented policies, thoughts and practices across its business to ensure the group holistically embraces sustainability.
He said that over the years, the bank has been closely monitoring all parameters – from providing sustainable financing to uplifting communities – to ensure everyone stays the course and no one is left behind in the journey.
“We will continue to invest in capacity building to equip our employees with the right tools and knowledge, which in turn will help us better serve our customers and stakeholders.
“Banks have a huge responsibility not only for ourselves, but to the customers and communities we serve, to not only realise a just transition towards sustainability but also a more balanced planetary health,” Khairussaleh added.
In conjunction with Maybank Group Sustainability Week, the group has launched three new initiatives – the myimpact Visa Signature credit card and Maybank Islamic myimpact Mastercard Platinum credit card, the Maybank Sustainability Practitioner Certification Programme as well as the Emission Calculator.
Khairussaleh said the launch of the myimpact credit card aims to create a heightened responsibility and awareness for environment, social and governance (ESG) via friendly spending.
“We have also created a path for our customers to understand their personal carbon impact through their lifestyle consumptions and provide solutions to track, monitor and minimise carbon footprints through carbon offset initiatives.”
He said the introduction of the new credit card is a testament to Maybank’s commitment towards its purpose of being a value-based platform, incorporating the features of sustainability and ethical principles into its solutions and offerings to customers.
Khairussaleh said the bank’s overall plan is to build awareness on sustainability among consumers while providing them with avenues to exercise their commitment to ESG-related practices.
Maybank targets to obtain 20,000 new card users through its newly launched credit card by the end of 2023.
It has signed a memorandum of understanding with UN Global Compact Network Malaysia and Brunei (UNGCMYB) for its Maybank Sustainability Practitioner Certification Programme.
Khairussaleh said this certificate aims to encourage more people to become practitioners of sustainability and establish a pipeline of experts in sustainability.
“The certification is also in respect of Maybank staffs and their sustainable capabilities.
“We have different levels of capabilities, from the very basic to expert, and we are working with the UNGCMYB to help us certify our employees along their level of expertise,” he added.
As for the Emission Calculator, it will help to increase carbon footprint awareness at the group level.
“This is in efforts to fulfill our aspirations of becoming a carbon neutral organisation by 2030 and net zero by 2050,” Khairussaleh said.
The calculator will allow Maybank to advice its clients on how much carbon is used, thus leading conversations on sustainability to become much more meaningful.
