Monday, 12 October 2020, Kuala Lumpur – Bank Pembangunan Malaysia Berhad (Bank Pembangunan) has become an official signatory to the United Nations Environment Programme Finance Initiative (UNEP FI) Principles for Responsible Banking – a single framework for a sustainable banking industry developed through an innovative partnership between banks worldwide and UNEP FI.
The Principles for Responsible Banking (PRB) set out the banking industry’s roles and responsibilities in shaping a sustainable future and in aligning the banking sector with the objectives of the UN Sustainable Development Goals and the 2015 Paris Climate Agreement. With sustainability being the focus of the PRB, banks are able to identify where they have the potential to make the most impact for a better economy and world. The PRB also provides banks with an avenue to leverage new business opportunities with the emergence of the sustainable development economy.
The UNEP FI membership allows BPMB to contribute to its collaborative work programmes through which the Bank will be able to develop leadership initiatives, guidelines and resources for a more positive impact in aligning the banking sector with the UN Paris Agreement on Climate Change and Sustainable Development Goals.
Arshad Mohamed Ismail, President/Group Chief Executive Officer said, “BPMB is proud to be one of two Malaysian banks, and the first among the country’s development financial institutions to commit to the UNEP FI Principles for Responsible Banking. BPMB is committed to be Malaysia’s leading developmental partner whilst supporting the nation’s future progress through digitalisation, sustainability and inclusivity. In this regard, BPMB will assess projects to ensure they positively impact the people, environment and national development.”
ENDS
About Bank Pembangunan
Bank Pembangunan Malaysia Berhad (Bank Pembangunan) was incorporated on 28 November 1973 with a role in the development of the Malaysian economy by assisting entrepreneurs involved in small and medium-sized industries through the provision of various financing facilities, training and advisory services, particularly to Bumiputera entrepreneurs. Today, BPMB is providing medium to long-term financing to the strategic sectors of the economy.
Owned by Minister of Finance Incorporated, BPMB has been accorded the highest rating ‘AAA’ by both RAM Rating Services Berhad (RAM) and Malaysia Rating Corporation Berhad (MARC). It is regulated and supervised by Bank Negara Malaysia under the Development Financial Institution Act 2002.
With a Group Total Assets value of RM25 billion (as at 31 December 2019), the Bank Pembangunan Malaysia Berhad Group is well-positioned to meet the financing and business development needs of Malaysian businesses.
For more information, please contact:
Anita Ramly
Head, Corporate Communications
Bank Pembangunan Malaysia Berhad
Tel: (03) 2611 3346
HP: (019) 332 4809
Email: ym.moc.bmpb@ylmar.atina