Alliance Bank in SME Corp collaboration

PETALING JAYA: Alliance Bank Malaysia Bhd and SME Corp Malaysia have signed a memorandum of understanding to jointly assist micro, small and medium enterprises (MSMEs) to adopt environment, social and governance (ESG) practices through a combination of relevant financing and non-financing solutions.

The deal marks the commitment by both parties to continue working together to develop and provide sectoral-focused ESG guides, practical tools, as well as corresponding green financing to assist MSMEs in ESG adoption.