CIMB Thai Bank PCL, a member of the CIMB Group has received The Digital Banker: Global Sustainable Finance Awards 2024 in Best Sustainability Linked Loan - Scope 1 & 2. The Global Sustainable Finance Awards gala was held virtually.
The inaugural Global Sustainable Finance Awards, organised by The Digital Banker, exist to honour and celebrate the world's preeminent and ground-breaking financial service institutions and their distinguished leadership contribution to driving sustainable finance and responsible investment practices across products, services, solutions, projects and initiatives.
In a move underlining their commitment to sustainability, Asset World Corp Public Company Limited (AWC), Thailand's leading real estate group, secured a THB 3,000 million Sustainability-Linked Loan from CIMB Thai in 2023. The loan incentivizes AWC to align its operations with sustainability goals.
CIMB Thai has been awarded these honours after stringent adjudication by The Digital Banker's judging panel, under which the organisation has successfully fulfilled the criteria for these categories. The Digital Banker stated, "CIMB Thai Bank has truly demonstrated its commitment to sustainability through the launch of its first Sustainability-Linked Loan in 2023, which are characterized by Sustainability Performance Targets (SPTs). Importantly, through this initiative the Bank is directly contributing to the reduction of GHG emissions and realizing tangible progress in minimizing the carbon footprint of all stakeholders involved."
Mr. Paul Wong Chee Kin, President and CEO of CIMB Thai Bank PCL, said, "This award demonstrates CIMB Thai's commitment to sustainability and readiness to support corporate clients in achieving their sustainability goals. CIMB Thai will continue to develop products and services that address this area consistently. Therefore, when thinking of sustainable finance products, we want everyone to think of CIMB Thai."
Mr. Jason Lee, Head of Sustainability of CIMB Thai Bank and a GRI Certified Sustainability Professional, added, "We are deeply honored and humbled by this award for our pioneering sustainability-linked loan initiative. This recognition not only reinforces our unwavering commitment to sustainable finance but also highlights our dedication to supporting real-economy commitments to deliver lasting environmental and social benefits for Thailand."
As CIMB Thai continue to innovate in sustainable finance, unwavering in our commitment to sustainability, CIMB Thai empower clients to achieve their goals and pave the way for a greener future for all.