Malakoff Gets 'Gold' For Sustainable Finance Framework

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by KnowESG
KnowESG_Malakoff, -Gold- Sustainability Assessment for Finance | ESG news
Accounting Stock photos by Vecteezy

Malakoff Corporation Berhad (Malakoff) has earned a "Gold" Impact Assessment from MARC Ratings for its Sustainable Finance Framework, linked to the ASEAN Sustainability SRI Sukuk Murabahah programmes.

This recognition shows Malakoff's commitment to sustainability. The framework is a crucial part of Malakoff’s plan for Environmental, Social, and Governance (ESG) improvements. It helps move towards a greener economy by using funds for new green and renewable projects.

The framework gives guidance for Malakoff’s future fundraising through green/social/sustainability bonds/sukuk and loans. The money raised will support a more inclusive, resource-efficient economy, aligning with the UN Sustainable Development Goals and the Circular Economy concept.

After a thorough evaluation, the framework aligns with various standards, including those from the Securities Commission Malaysia and the ASEAN Capital Markets Forum. The Gold rating highlights the significant social and environmental benefits, supporting many UN SDGs.

Malakoff’s Managing Director and Group CEO, Encik Anwar Syahrin Abdul Ajib, said, “We have spent the past two years laying a strong foundation to make Malakoff more sustainable, supporting Malaysia's shift to a cleaner economy.

"We have made good progress in renewable energy, working with local and international partners, focusing on solar and mini hydro projects, and using eco-friendly fuels like biomass. This recognition motivates us to keep contributing to Malaysia's goal of Net-Zero emissions by 2050 while ensuring energy security.”

Through its new business pillar – Malakoff Green Solutions – Malakoff’s RE portfolio now includes Large Scale Solar (LSS) and Rooftop Solar (RTS) projects, small hydropower, and carbon-free mobility infrastructure. These efforts show the Group’s commitment to ‘Enhancing Life, Enriching Communities’.

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Source: Malakoff

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