We are committed towards creating value for our customers and business partners by supporting solutions, practices and projects that foster sustainable development.
EcoSave Savings Account-i
EcoSave Savings Account-i is based on the Islamic concept of Tawarruq. Out of the total EcoSave portfolio, CIMB Islamic contributes 0.2% to green activities, such as conservation initiatives and education programmes that help protect the environment and sustain its natural resources for current and future generations. As the allocation grows, more green projects would be funded. By opening EcoSave, you are indirectly helping the environment.
Compared to other sectors, buildings in Malaysia emits the most carbon emissions at 41%. Enjoy preferential rates when you purchase a green residential property today with loans up to 35 years and interest rate as low as BR+0.50% p.a.
Do you know that over 85% of transportation carbon emissions, comes from road transport? Be more fuel efficient and emit less greenhouse gasses with a hybrid vehicle. Drive home a new hybrid vehicle with a Fixed Rate of as low as 2.34 % p.a.
The BIMB-Arabesque i Global Dividend Fund 1 is a Shariah and Environmental, Social and Governance principles (ESG)-based fund that also uses the latest robotic technology to generate a strong investment performance potential with optimal risk management. In order to increase the BIMB-Arabesque i Global Dividend Fund 1 subscription, BIMB Invest is collaborating with CIMB Group whereby customers can subscribe to the fund through all CIMB Bank and CIMB Islamic Bank branches in the country.
As part of CIMB’s RM15Bil SME allocation for 2019 to 2020, we have launched Renewable Energy Financing for SMEs in order to fulfil their financing needs to purchase solar PV system with Industrial Hire Purchase facility. This program will finance up to 100% of the solar PV system cost and the maximum facility amount is capped at RM1Mil. SMEs need to obtain the Net Energy Metering (NEM) approval from Sustainable Energy Development Authority (SEDA) and the property must be under CIMB property loan/financing, to be eligible for this solar financing program.
Sustainability (including Green and Social) Bonds and Sukuk
CIMB’s Regional Debt Capital Markets offers origination, structuring and execution of Sustainability Bonds and Sukuk in various currencies for the Group’s sovereign and corporate clients across the globe.
As part of our goal to create positive impact, we offer green financing for eligible green assets.
Sustainability-Linked Loans (SLLs) are loans instruments of loan instruments and/or contingent facilities that incentivise the borrower’s achievement of ambitious, predetermined sustainability performance targets (SPTs). Incentives are offered in the form of interest rebates, if the borrower is able to achieve the SPTs. Launched in January 2020, the SLL offering is the first in Malaysia, targeted at corporate borrowers who are keen to enhance their sustainability performance in alignment with any of the 17 SDGs. With RM3.0 billion earmarked for SLLs, this incentive is effective from 1 January 2020 to 31 December 2024.
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