KUALA LUMPUR: RHB Banking Group has raised its sustainable finance target to RM90bil in Sustainable Financial Services (SFS) by 2027, up from its previous RM50bil goal for 2026.
The bank, in a statement, said this reflected its commitment to achieving Net Zero by 2050 and accelerating Malaysia’s transition to a low-carbon economy, with broader aspirations across Asean.
Group managing director and group chief executive officer Datuk Mohd Rashid Mohamad said the future of business lay in its ability to transition towards sustainable practices, and as a financial services group, RHB was committed to being a catalyst for that change.
“Having already achieved approximately 85% of our RM50bil sustainable financial services target, we see a clear and growing demand for capital that enables real transition.
“By raising our ambition to RM90bil, we are doubling down on our commitment to empower businesses, especially SMEs, to accelerate their shift towards low-carbon practices.
“Transition financing goes beyond just providing funds; it’s about empowering businesses to navigate change, drive innovation, and ensure that every business, regardless of size, has the capability to thrive in a changing economy,” Mohd Rashid said.
He said the RM90bil commitment was a key aspect of the group’s broader strategy to achieve Net Zero by 2050, with a strong focus on transition financing and green project investments.
“To achieve this, RHB is driving impact through three strategic pillars: expanding sustainable financing solutions, strengthening partnerships & industry collaboration, and enhancing ESG integration & sustainable advisory. By prioritising support for high-impact sectors on their decarbonisation journey and funding sustainable innovations, we aim to drive meaningful progress towards a low-carbon economy while ensuring long-term resilience and growth,” he added.
As part of its efforts to expand sustainable financing solutions, RHB is introducing targeted initiatives to support businesses in adopting greener practices.
This includes Malaysia’s first low carbon transition facility portfolio guarantee, designed to enhance access to financing for businesses adopting green initiatives.
The group has also introduced a RM1bil Sustainable Trade Finance Programme/-i to support renewable energy and energy efficiency projects.
