Exim Bank unveils RM1.5bil green initiative for sustainable financing by 2027

The Star

The Export-Import Bank of Malaysia Bhd (EXIM Bank) has launched its EXIM Green Global Initiative, committing to mobilise up to RM1.5 billion in sustainable financing by 2027.  Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the initiative aligns with the third mission of the New Industrial Master Plan (NIMP) 2030-‘Push for Net Zero’.  Read more at https://tinyurl.com/yc3jcy5p  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:00First of all, I would like to congratulate Ex-Im Bank for launching this program.

00:05This program is Ex-Im Bank Green Global Initiative,

00:09where the committee focuses on our companies, especially SMEs.

00:18This is very important. I think this initiative by Ex-Im Bank Green Global Initiative is important

00:23as Malaysian companies now are slowly having to meet certain standards by many markets,

00:32where our SMEs have to meet the sustainable goals, SDGs, etc.

00:40But what's important is we need to prepare them.

00:43One of the main challenges is when it comes to financing,

00:47as they need to build in terms of capacity building,

00:50investment in the transitioning towards green for the industries.

00:55So I'm glad to hear today that Ex-Im Bank, through this Green Global Initiative,

01:01is committed to support over 50 companies in mobilizing RM1.5 billion of sustainable financing,

01:09based on three core initiatives, which I believe Ex-Im Bank can elaborate on later.

01:16Finally, I want to say that this is important.

01:20It's also in line with the National Industrial Master Plan 2030 Vision,

01:24Vision No. 3, which is to help our companies push for net zero.

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