Business Today - BPMB Awarded The Special Sustainable Energy Financing For DFI At NEA 2022
PETALING JAYA, 14 March 2023
Bank Pembangunan Malaysia Berhad has been awarded 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, 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).
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.
The bank 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.