Maybank’s Post

🌍 Successful Completion of the ESG Integration into Financial Decisions Workshop! 🌍 I’m thrilled to share the successful conclusion of the Integration of ESG into Bank’s Credit and Financial Decisions workshop, held from September 23rd to 25th. This incredible event brought together stakeholders from various business units across local banks, sparking meaningful discussions around sustainability and responsible banking. The workshop provided a unique perspective on ESG, particularly from social and governance angles. One key takeaway: respecting society and human rights naturally leads to respecting the environment—and all while driving profitability. Sustainability is not about sacrificing profits but about growing in a way that secures long-term success while staying true to your company’s #purpose. A special thank you to the Union of Arab Banks for organizing the workshop and to Yasser Akkaoui for his energy and invaluable insights throughout the sessions. Your contributions truly enriched the experience for all involved. Looking forward to applying these learnings to my role at NBK and contributing towards a more equitable future. #ESG #ResponsibleBanking #GrowthWithPurpose #UnionofArabBanks #SustainableFinance #ESGIntegration

Proud to share a significant milestone in Beyond Bank Australia's sustainability journey. BSR has just published a case study highlighting our proactive approach to ESG through a comprehensive double materiality assessment. What sets this apart? As a customer-owned bank, we voluntarily chose to go beyond traditional materiality assessments to understand both financial impacts and our broader environmental and social influence on stakeholders. This involved extensive engagement with 35 senior leaders, our Executive team, Board, and external partners. This forward-thinking approach not only strengthens our commitment to customers and communities but also positions us well for future ESG reporting requirements. Special thanks to our Sustainability team and BSR for their excellent work on this initiative. It's another example of how Beyond Bank is living our purpose of creating and returning value to the communities we serve. Beyond Bank Australia BSR #SustainableFinance #ESG #CommunityBanking #Sustainability #DoubleMateriality

I was honored to attend the launch of the KCB Group 2023 ESG & Sustainability Report which was a historic milestone. The bank is the first financial institution in Africa to have their report independently assured by external auditors. This marks the beginning of a new era in transparency and accountability for ESG disclosures. Dive into the full report to see how KCB is driving sustainable impact and leading the way for a better future. 🌱 https://bit.ly/3SWqMKO #ForPeopleForBetter #2023KCBSustainabilityReport #ImpactingPeopleForBetter #Sustainability Paul Russo

📢 While claiming to support sustainability, #HSBC's actions speak louder than words! As the largest European financier of industrial agriculture and fossil fuels in the Global South, it's time for HSBC to align its financial flows with the planet's well-being! 📈 The numbers are shocking: HSBC's staggering $17.2 billion financing of industrial agriculture and $63.5 billion in fossil fuels between 2016-2022 in the Global South tells a story of environmental devastation. HSBC's funding choices have real consequences for our people and planet. Stand with us in demanding change. Sign the Petition: https://bit.ly/44bihQO #FundOurFuture

NEW case study with Beyond Bank Australia on how to proactively identify, assess, and prioritize material ESG risks, opportunities, and impacts through a double materiality assessment: https://lnkd.in/eEiN3tFc As a customer-owned bank not under mandatory regulatory pressure, Beyond Bank sought to undertake a double materiality assessment over a traditional perception-based materiality assessment to demonstrate its long-term commitment to its customers. Beyond Bank worked with BSR to evaluate the impacts of material ESG issues on its enterprise value, as well as its broader commitment to communities by holistically assessing the impacts of its operations and supply chain on society and the environment. For more information on how BSR supports companies with sustainability management and strategy, contact our Transformation team by emailing hello@bsr.org. #sustainablebusiness #sustainabilityreporting #materiality #sustainablefinance #financialservices 

Bank CEOs lead charge on sustainable finance and ESG impact Read the full article: https://bit.ly/3BAJ4vy Banks have been involved in corporate social responsibility for many years. On the other hand, the interest in environmental, social and governance (ESG) initiatives and sustainable finance only made an entry in most bankers’ lexicon less than a decade back. In that short time frame however, ESG has moved from being niche to mainstream. The historic Paris Agreement signed during COP 21 in 2015 brought climate change to the forefront for the banking sector with its reference to “making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development”. COVID-19 drew attention to the social aspect of ESG. With rapidly growing interest, ESG and sustainability are now front and centre for all banks. Mary Huen, Amitabh Chaudhry Public Bank, Bank of America, Standard Chartered, HDFC Bank, Axis Bank, Sustainable Markets Initiative, Mox Bank, Mastercard, Libeara, Hong Kong Monetary Authority (HKMA), McKinsey & Company #Sustainability #ESG #ClimateChange #GreenFinance #SustainableBanking #LowCarbonEconomy #NetZero #BankingInnovation #SustainableFuture #GreenInvestment #EnvironmentalResponsibility #CorporateSustainability #ESGLeadership #CleanEnergy #SustainableDevelopment #TheAsianBanker #TABGlobal

Nearly all banks now have sustainability as a core part of their strategy, with some banks also explicitly stating this in mission statements. Given the scale of change needed to make the sustainability journey a success, it is critical for banks that the right tone is set at the top by the CEO. Bank CEOs also need to put their strategic caps on and identify where investments are to flow. They are also actively involved in ESG client discussions especially around transition financing with corporate clients. Given the absence of clear interoperable taxonomies, risk of greenwashing, lack of adequate knowledge and active stakeholder collaboration on the topic, the responsibility for the industry’s success in sustainable finance falls to CEOs who fully embrace it and rally entire organisations alongside them. Read my latest article in The Asian Banker titled "Bank CEOs lead charge on sustainable finance and ESG impact" which also features insights from some leading Bank CEOs Mary Huen Amitabh Chaudhry Link to the article in the post below. The article can also be accessed at https://lnkd.in/gCEyit7x

Discover how Southern African banks are prioritising Environmental, Social, and Governance (ESG) considerations to establish themselves as leaders in sustainable finance and responsible banking practices.   Swipe right for key insights into this pivotal shift towards a greener and more socially conscious banking landscape.   Link to the full report: https://lnkd.in/dyaddSp3   #SouthernAfricaBankingSurvey2024

Discover how Southern African banks are prioritising Environmental, Social, and Governance (ESG) considerations to establish themselves as leaders in sustainable finance and responsible banking practices.   Swipe right for key insights into this pivotal shift towards a greener and more socially conscious banking landscape.   Link to the full report: https://lnkd.in/dyaddSp3   #SouthernAfricaBankingSurvey2024

In a market where cash and bonds are the favoured plays, investors are faced with the question: where do you stand on sustainability? https://lnkd.in/gSQQvCf8 In Citywire Asia's latest digital publication, we focus on where private banking clients’ interests lie and how Standard Chartered, UBS, DBS Bank, Maybank, Deutsche Bank Private Bank and Citi are responding with their product ranges. We hope we can shine a light on the wealth management industry’s efforts in tackling ESG and bring you up to speed on latest developments. #citywire #citywireasia #wealthmanagement #privatebanking #esg #sustainability