Alliance Bank to help SMEs adopt ESG measures in their business

28/11/2022 04:39 PM

KUALA LUMPUR, Nov 28 (Bernama) -- Alliance Bank has embarked on a campaign “BeESG” to help businesses big and small to be competitive by becoming sustainable-trade ready by adopting environment, social and governance (ESG) practices.

The bank is participating in the United Nations Global Compact, the world’s largest corporate sustainability initiative, joining its Malaysia and Brunei network of 182 participants to date. The alliance cements the bank’s commitment to the ESG cause, it said in a statement here today.

It is the only financial institution to partner with UN Global Compact Network Malaysia & Brunei (UNGCMYB), Bursa Malaysia and the Malaysian Green Technology and Climate Change Corporation, the statement said.

“SMEs are the backbone of the country’s economy. Whatever they do has a multiplying effect within the community and on the environment. At Alliance Bank, we believe that ESG is and can be a competitive advantage for businesses to build unique and profitable propositions while adding value and contributing back to the community and planet,” its group chief strategy, marketing and business development officer Dr Aaron Sum said.

Embedding ESG practices as early as possible helps strengthen the bank's position to capture more business opportunities and makes the companies more resilient, he said.


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