“Maybank incorporates ESG considerations into all of its direct lending as well as debt, equity and advisory services, through the group’s ESG policy which includes specific criteria and requirements that cover, among others, lending to high risk ESG sectors,’’ said Maybank group president and CEO, Datuk Abdul Farid Alias.
WHILE financial institutions (FIs) have a responsibility to mobilise capital to economic activities deemed as sustainable, it is important to strike a balance between environmental and social objectives.
Besides engaging regulators, industries and employees, FIs are also working with clients in creating awareness on best environmental, social and governance (ESG) practices and finding solutions in mitigating adverse ESG impacts.
