AmBank Islamic, GreenTech M’sia ink pact to support green initiatives

by TMR

AMBANK Islamic Bhd is collaborating with Malaysian Green Technology Corp, also known as GreenTech Malaysia, as part of its effort to support AmBank Group’s capacity building exercise for the deployment of its Green Financing Plan.

GreenTech Malaysia is an organisation under the purview of the Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC), which was established in 2010 to spearhead the development and promotion of green technology as a strategic engine for socio-economic growth in line with the Green Technology Master Plan 2017-2030.

Through this collaboration, GreenTech Malaysia will provide AmBank with training programmes on green technology and green business, besides having the group to support the National Low Carbon Cities programme where it is within its risk appetite and business strategy.

The exchange of the memorandum of understanding (MoU) document between AmBank Islamic and GreenTech Malaysia was witnessed by MESTECC Minister Yeo Bee Yin and AmBank CEO Datuk Sulaiman Mohd Tahir.

AmBank Islamic was represented by its CEO Eqhwan Mokhzanee, while GreenTech Malaysia was represented by its acting CEO/ COO Syed Ahmad Syed Mustafa.

Also present were the senior management of AmBank and GreenTech Malaysia. “We are honoured to be part of this collaboration with GreenTech Malaysia who will act as a subject matter expert to support AmBank’s readiness in support of green financing-related initiatives,” said Sulaiman.

“With this collaboration, it would further strengthen AmBank Islamic’s vision towards becoming a valuebased intermediary, with the key focus on financial inclusion and responsible financing to ensure our banking business continues to be conducted in a responsible manner,” added Eqhwan.

Last month, AmBank has reached the final chapter of its BizCONFERENCE Beyond Financing Series which covered the topic “Building a Green Business” with the objective to provide insights for small and medium enterprises in the country to apply a feasible framework in building a green business.

The collaboration between AmBank Islamic and GreenTech Malaysia was held in conjunction with the International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM) 2019 in Kuala Lumpur Convention Centre.

IGEM is a platform for solution providers and green energy businesses to tap into the fast-expanding Asean market by showcasing the latest innovations to policymakers, government organisations, investors and market.

Over the years, IGEM has successfully generated over RM23 billion in business leads since its initiation in 2010.

To date, IGEM has attracted attendance of over 420,000 visitors including delegates, dignitaries and companies from over 50 countries.