The bank said in a statement that the launch represents the first two in a new series of bespoke treasury product offerings by CIMB that allow clients to embed their environmental, social and governance (ESG) aspirations into thematic Treasury risk management solutions.
It said the programme, a first in Malaysia, entails recurring flow transactions for customers' business activity conversion cycles as well as more episodic balance sheet hedging.
"In order to receive a sustainability-linked rebate, the programme requires ongoing commitment from clients to achieve their sustainability performance.
"This is measured through pre-agreed Sustainability Performance Targets (SPTs), which are unique for each client’s business profile and subjected to stringent independent third party verification," it said.
"By combining our market leadership positions in both Treasury and sustainable finance, we are proud to walk the journey with our customers from the one-off transactions that the market has seen, into this recurring business-as-usual flow programme, reflecting the maturity of both ESG Treasury solutioning as well as customers’ acceptance," said group wholesale banking and group treasurer Chu Kok Wei.