BANK PEMBANGUNAN RECOGNISED AT NATIONAL ENERGY AWARDS 2022 FOR SUSTAINABLE ENERGY FINANCING
KUALA LUMPUR, 14 March 2023:
Bank Pembangunan Malaysia Berhad (BPMB) took home the Special Merit Award for Sustainable Energy Financing for DFI and Others at the recent National Energy Awards (NEA) 2022, organised by the Ministry of Natural Resources, Environment and Climate Change (NRECC).
NRECC recognised BPMB, Malaysia’s premiere development financial institution (DFI), for its focused efforts in promoting sustainable energy financing. The bank advocates for sustainability in the projects it finances through its unique impact assessment framework, known as Measuring Impact on National Development (MIND). BPMB was represented by its Head of MIND & Sustainability, Hussien Mullar, who received the award from the Minister of Natural Resources, Environment and Climate Change, YB Nik Nazmi Nik Ahmad.
Group CEO of BPMB, Roni Abdulwahab shared, “We are honoured to have been recognised with this esteemed award. As a DFI, our focus is to deliver impact capital to support the nation’s strategic and sustainable development. By using our impact assessment framework, MIND, in our evaluation process, we are able to assess each project’s socioeconomic and environmental impact, and prioritise which projects to finance.
Anchored on selected United Nations’ Sustainable Development Goals (SDGs), BPMB’s MIND framework was jointly developed with the World Bank Group as a holistic framework that quantifies development impact to complement the bank’s existing credit evaluation process.
Through the MIND framework, BPMB enables various sustainable projects with strategic national impact in the areas of renewable and transition energy, waste-to-wealth, sustainable transportation and other green initiatives, via its financing products and dedicated schemes.
BPMB offers five dedicated financing schemes: the Sustainable Development Financing Scheme (fund size RM1.0b), the National Development Scheme (RM1.0b), the Industry Digitalisation Transformation Scheme (RM1.0b), the Maritime & Logistics Scheme (RM0.8b) and the Tourism Infrastructure Scheme (RM1.0b).
Spearheaded by the Ministry of Natural Resources, Environment and Climate Change, the NEA recognises the adoption of sustainable energy concepts and practices by Malaysia’s business organisations across all industries and sectors.
About Bank Pembangunan Malaysia
Bank Pembangunan Malaysia Berhad (BPMB) was incorporated on 28 November 1973 as a development financial institution. Today, BPMB is focused on medium to long-term financing in sectors deemed strategic to national economic development. Owned by Minister of Finance (Incorporated), BPMB has been accorded the highest rating of ‘AAA’ by both RAM Rating Services Berhad and Malaysia Rating Corporation Berhad. It is regulated and supervised by Bank Negara Malaysia under the Development Financial Institution Act 2002. With Group Total Assets valued at RM26.1 billion (as at 31 December 2021), the BPMB Group is well-positioned to meet the financing and business development needs of Malaysian businesses.