KUALA LUMPUR: RHB Banking Group has established its Board Sustainability Committee to assist the board of directors in driving the sustainability and climate-related agenda and providing oversight of material environment, social and governance matters.
In a statement, the group announced the committee is chaired by Datuk Iain John Lo (pic}, while other members include Tan Sri Rebecca Fatima Sta Maria, Datuk Mohamad Nasir Ab Latif and Donald Joshua Jaganathan.
The Board Sustainability Committee was set up following the launch of RHB's 5-Year (2022-2025) Sustainability Strategy and Roadmap in order to enable greater focus and in-depth discussions on material sustainability and climate-related matters identified within the group.
“The BSC will play a crucial role in providing strategic oversight of the group’s sustainability and climate-related strategies and actions towards ensuring that we continue to strike the right balance across the triple bottom line of planet, people and profits,” said Iain.
RHB's sustainability journey is laid out in the five-year roadmap that cuts across three key pillars, namely sustainable and responsible financial services, embedding good practices and enriching and empowering communities.
Among its aspirations, the group intends to mobilise RM20bil in sustainable financial services by 2026, which is equivalent to about 7% of its total assets as at December 2011.
According to the group, its cumulative achievements stood at more than RM11bil in sustainable financial services as at June 2022.