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UOB enabling PETRONAS Supplier Support Programme (PSSP) via our sustainable vendor financing programme, incentivising OGSE suppliers to progressively decarbonise and adopt sustainable practices. While green financing remains essential, the provision of transition financing to support brown sectors to become greener over time is equally important. Complementing UOB’s Transition Finance Framework, we avail suite of financing solutions to support OGSE supplier’s operational efficiency, low carbon fuels adoption, CCUS and carbon credit initiatives, along the energy transition journey. Achieving Net Zero is no easy feat, demanding immense commitment, strong collaboration and lots of action across companies and supply chains. Programme such as the PSSP, can present transformative opportunities and cascading benefits for those (especially SMEs) who choose to take action today for a greener tomorrow. Find out more in the links, message from our CEO Wei Wei Ng, CB - https://lnkd.in/gfPFXQES https://lnkd.in/gD8YV8Ua https://lnkd.in/gRxdxBvN Reach us at Uob-petro.vf@uob.com.my for more information on UOB Sustainable Vendor Financing Program, supporting a Just Transition. Joseph Poh Shew Heng Tan Janet Lee Alexander Goh Gary Lee Kok Yew Azlan Muhamad Azlan Zainoorin #uobsustainability #transitionfinancing #ssggwbcso #pssp #passionateaboutprogress #ogsetransition #smeinclusion #justtransition #sustainablevendorfinancingprogram #towardsnetzero #smeinclusion

We were delighted to join APLMA (Asia Pacific Loan Market Association)’s Malaysia Loan Market Conference last week, where Melissa Cheok, Associate Director at Sustainable Fitch joined a panel of senior executives and ESG experts to discuss the latest development of green and sustainable lending. “It is encouraging to see that awareness of the different types of labelled debt and their applications is quickly growing across Southeast Asian markets. We expect increasingly localised taxonomies to aid issuers and investors by providing more nuanced guidance on the categorisation of various economic activities and their eligibility for sustainable financing. Moving forward, it will be crucial for all stakeholders to play their part in ensuring that the associated projects, assets or activities being financed are credible and that use of proceeds reporting is robust and transparent,” said Melissa. Learn more about Sustainable Fitch: https://ow.ly/cQir50SwHF5 #ESG #Sustainability #SustainableFinance #GreenFinance

More Exciting Speakers Announced for the APLMA Annual Conference Join us at the #APLMA Annual Conference with an insightful Infrastructure and Energy Financing panel discussion on 11 September at Marina Bay Sands. Discover how commercial #lenders are supporting #sustainable #infrastructure projects, whether institutional investors have an edge in the infrastructure finance sector, and the tools needed to accelerate Asia’s energy transition. - Nitesh Agrawal, Senior Syndication Officer & Acting Head of Syndication, Asia-Pacific, IFC - International Finance Corporation - Pramod Vijayasankar, Lead Investment Officer, Financial Institutions & Funds (Global), Asian Infrastructure Investment Bank (AIIB) - Ka Man Ng, Co-Chair of APLMA Energy and Infrastructure Finance Committee, Deputy General Manager & Head of Project Finance, Bank of China (Hong Kong) Limited - Audra Low, Group Head of Client Coverage and CEO, Clifford Capital Pte Ltd - Jeanne Soh, Managing Director, Head of Structured Finance Asia, Sumitomo Mitsui Banking Corporation – SMBC Group Stay tuned for the conference – we look forward to welcoming you! #APLMA #SingaporeConference #AsiaPacific #InfrastructureFinance #EnergyTransition #Infrastructure #Sustainability

A Just Transition ensures that no one is left behind as we move towards a sustainable future. This means protecting workers in carbon-intensive industries, supporting vulnerable communities and promoting inclusive decision-making. In Malaysia, achieving a Just Transition involves strategic investments in worker retraining programs, community-based renewable energy projects, and policies prioritising social equity. How can Malaysia achieve a Just Transition? What are the best practices from other countries and what can we learn from other voices such as civil society, affected communities and researchers? Discover the answers at the Climate Finance Summit 2024: Mobilising Capital for a Just Transition. Register now at https://lnkd.in/gKfSMpEm 📅 Date: 1st August 2024 📍 Venue: Sasana Kijang, Bank Negara Malaysia 🕖Time: 8.00AM - 4.30PM Secure your seat now at https://lnkd.in/gKfSMpEm. 🔒 A RM30 ticket fee applies, but early birds can register for only RM20! Don't miss out—register today! #CFS2024 #ClimateFinanceSummit #JustTransition #SustainableFinance

When small and medium-sized enterprises (SMEs) meet financial institutions, that's when more transition happens. As Chief Sustainability Officer and Co-chair for JC3 SFG, we care about the future of Malaysian SMEs - whether SME understands the impact of sustainability on their business, whether they are prepared for what's coming, and what support they need to move forward given the challenges posed by climate change, heightened regulations and demands from their anchors. The session with Dr. John was full of energy and enlightenment, we clicked at an instance. Listening to his sustainability journey as SME, reaffirmed that financial institutions can play a pivotal role in helping SMEs navigate these changes. He emphasised with sustainability, businesses can not only survive but also prosper. Looking forward to further collaborate and inspire more SMEs to progress sustainably. #forgingsustainablefuture #smeinclusion #jc3sfg #sustainabilityinmalaysia #greenfinancing #financinggreen #beyondfinancing #smesustainability

PNSB, IJM And LSH Collaborate To Transform Selangor’s Economy With Cohesive ESG Infrastructure Initiatives. Read the full story at the link in bio. #TheExchangeAsia #PNSB #IJM #LSH #TrendNewsandUpdates #TheLeadersandExecutives #FinanceandInvestments #InvestmentsandMarketTrends #EnvironmentalSocialandGovernance #EnergyandTechnology #Property #Events #DistributionandCirculation #AudienceandReaders #MediaPartner

𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐂𝐚𝐦𝐛𝐫𝐢𝐝𝐠𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐬𝐥𝐚𝐦𝐢𝐜 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐈𝐅𝐑) 𝟐𝟎𝟐𝟑! One of the segments in the GIFR 2023 is titled "𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐫𝐞𝐞𝐧 𝐒𝐮𝐤𝐮𝐤 𝐌𝐚𝐫𝐤𝐞𝐭" supplementing the theme of the report, Climate Financing and Islamic Finance. The chapter, "Growth and Potential of the Green Sukuk Market" discusses the development, significance, and future prospects of green sukuk. Green sukuk have gained traction, especially in Southeast Asia and the GCC, with a cumulative total issuance of $21 billion by mid-2022. Key issuers include Malaysia, Indonesia, the UAE, and Saudi Arabia. Green sukuk play a critical role in funding projects like renewable energy, sustainable land use, and green buildings. The market is expected to grow, driven by increasing interest in Environmental, Social, and Governance (ESG) investments. However, challenges such as regulatory issues and market awareness need to be addressed. Significant progress has been made with frameworks and regulations established in countries like Malaysia and Indonesia to facilitate green sukuk issuance. The demand for these instruments is strong among international investors, with the market projected to continue its expansion as more countries and companies seek to finance green projects in line with Islamic values and sustainability goals. 𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐫𝐨𝐥𝐞 𝐨𝐟 𝐈𝐬𝐥𝐚𝐦𝐢𝐜 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐢𝐧 𝐜𝐥𝐢𝐦𝐚𝐭𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠, 𝐠𝐞𝐭 𝐲𝐨𝐮𝐫 𝐜𝐨𝐦𝐩𝐥𝐢𝐦𝐞𝐧𝐭𝐚𝐫𝐲 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐆𝐈𝐅𝐑 𝟐𝟎𝟐𝟑 𝐭𝐨𝐝𝐚𝐲: 𝐡𝐭𝐭𝐩𝐬://𝐠𝐢𝐟𝐫.𝐜𝐚𝐦𝐛𝐫𝐢𝐝𝐠𝐞-𝐢𝐟𝐚.𝐧𝐞𝐭/𝐨𝐫𝐝𝐞𝐫 CambridgeIFA #gifr #GIFR2023 #GlobalIslamicFinance #Islamicfinance #Globalfinance #Climatechange #climatefinance #finance #financialinclusion #Sukuk #sukukmarket #financialinnovation

AWC Partners with SMBC to Support Thailand’s Goal of Becoming a Global Sustainable Tourism Destination with a THB 3,000 Million Sustainability-Linked Loan . AWC has partnered with Sumitomo Mitsui Banking Corporation (SMBC) to sign a THB 3,000 million sustainability-linked loan. This collaboration reflects a shared commitment to advancing sustainability within Thailand’s real estate and tourism sectors. The partnership aims to shape a better future through high-quality projects aligned with international sustainability standards, promoting environmental, social, and governance (ESG) principles under AWC’s 3BETTERs framework. This approach reinforces Thailand’s position to become a global sustainable tourism destination while creating value for all stakeholders across the value chain. . Currently, AWC has successfully increased the proportion of sustainability linked loans and green loans to 100 percent from leading financial institutions, both domestically and internationally. This reflects the company’s commitment to creating a sustainable future for the country. AWC drives its business operations under the sustainable development framework. . Read more: https://lnkd.in/gKs-Q7ce . #AWC #AssetWorldCorporation #SMBC #Sustainability

We are proud to extend our support to Thailand's leading integrated real estate group, Asset World Corporation in a THB 3,000 million sustainability-linked loan to further develop its operations in alignment to MSCI ESG rating standards. "Sharing a unified vision for sustainability, we are excited to work with AWC, recognized for its world-class sustainability standards, which highlights its capability to develop high-quality projects that prioritize sustainable practices and its commitment to achieving carbon neutrality," shared Rajeev Kannan, Co-Head of Asia Pacific Division. This partnership underscores our commitment to advance sustainability in Thailand's real estate and tourism sectors, strengthening the country's Thailand's position as a global sustainable tourism destination.

🔍 Navigating SBTi's New Guidance for Finance Teams The Science Based Targets initiative (SBTi) has released updated guidance for financial institutions, effective from November 30, 2024. Key changes include increased ambition levels for #emissionreduction targets, a shorter timeframe for achieving these targets, and new criteria for addressing #fossilfuel finance activities. These updates aim to align with the SBTi Corporate Net-Zero Standard and drive more immediate action and #accountability. Corporate finance teams must collaborate with sustainability counterparts to adapt to these changes and maintain access to capital and lending services. 👉 #SBTi #ClimateAction #FinanceTeams #Sustainability #NetZero #ESG