SINGAPORE, 28 November 2024 – Maybank Singapore (Maybank) has rolled out myimpact SME program – a Maybank Group-wide initiative to empower SME customers in Singapore, Malaysia, Indonesia, Philippines and Cambodia, with values-based solutions to support small and medium-sized enterprises (SMEs).
Syed Ahmad Taufik Albar, Group CEO, Community Financial Services of Maybank, said, “Being one of the biggest financial institutions in the region, Maybank deeply understands that it takes a lot to raise a successful and sustainable business. Maybank is there at the beginning of an entrepreneur’s journey and will continue to evolve with our SME customers. Maybank myimpact SME caters to business at every growth stage with a comprehensive suite of financial and non-financial solutions. Our commitment to financial inclusivity and sustainable impact sets us apart, aligning with our long-term aspiration of Humanising Financial Services.”
As a leading Bank for entrepreneurs, the Maybank myimpact SME offers tailored financial and business advisory solutions to future-proof businesses and to bring about a positive economic impact. It is a collaborative ecosystem of different partners working together, to help SMEs accelerate their sustainability journey – a timely initiative as the country gears up towards Singapore’s Green Plan 2030 roadmap for an environmentally sustainable future.
To equip SMEs to kickstart their carbon accounting and sustainability reporting process, Maybank has partnered with ESGpedia, Asia’s leading ESG data and technology company, to help SMEs leverage digitalisation to calculate greenhouse gas (‘GHG’) emissions, establish core ESG metrics, and generate their first sustainability report, in accordance with ISO14064 methodologies and international standards. This will allow SMEs to better navigate increasing consumer demand and regulations, demonstrate their commitment to sustainability, and put them at an advantage for sustainable financing and business opportunities.
Mr Alvin Lee, Maybank Singapore Country CEO said, “At Maybank, we are committed to drive positive, impactful change to support our clients’ business growth. We are aware that many SMEs lack the resources and know-how to embed sustainability in their business operations and they juggle multiple pressing concerns. As the key contributor of Singapore’s economy, they play a critical role toward environmental sustainability. Maybank myimpact SME as a collaborative ecosystem, will be a crucial enabler to drive sustainable growth and innovation by offering tailored insights and guidance to address their specific needs and challenges. By empowering them through sustainability capability building and partnering with them on their decarbonisation journey, SMEs can build resilient operations and stay competitive in an increasingly eco-conscious market. We are very pleased to collaborate with various partners who share our commitment to help SMEs meet their sustainability goals.”
Mr Benjamin Soh, Founder and Managing Director at ESGpedia, said, “As large corporates prioritise sustainable procurement, it is undeniable that SMEs must adapt and embrace sustainability to remain competitive.
We are delighted to partner with Maybank to enable SMEs to take the first step towards sustainability through Maybank myimpact SME ecosystem. With ESGpedia’s online enabler tool, SMEs can calculate their carbon emissions and report core ESG metrics, aligned with SGX requirements and international frameworks, to demonstrate their commitment to sustainability, and putting them at an advantage for sustainable financing and business opportunities.”
As part of the Maybank myimpact SME initiative, Maybank will also offer additional support for women entrepreneurs through the HERpower program to help them unlock new business opportunities, access tailored financing solutions, and receive exclusive access to networking events and workshops.
Women entrepreneurs will also enjoy various fee waivers – processing fees waiver of up to $2,000 for loan applications, pay waiver for the Terminal setup fee for Electronic Data Capture (EDC) Terminal, and payroll charges waiver of up to $100 monthly.
About ESGpedia
ESGpedia (ESGpedia Pte Ltd) is Asia’s leading ESG data and technology company, headquartered in Singapore. The ESGpedia platform powers the ESCAP Sustainable Business Network (ESBN) Asia-Pacific Green Deal digital platform and the Asia-Pacific Single Accesspoint for ESG Data (SAFE) initiative, and is part of the Singapore-Australia Go-Green Co-Innovation Programme. With more than 5 million sustainability data points, ESGpedia serves as the Nexus of ESG, digitally empowering corporates, SMEs, and the financial sector to ensure compliance towards ESG regulations and attain their ESG goals. ESGpedia is GRI-licensed. For more information, please visit www.esgpedia.io. LinkedIn: https://www.linkedin.com/company/esgpedia/
About Maybank Singapore
Maybank is among Asia’s leading banking groups and South East Asia’s fourth largest bank by assets. Maybank Group has an international network of over 2,600 branches in 18 countries including all 10 ASEAN countries, with more than 42,000 employees serving customers worldwide. Maybank Singapore is one of the Group’s largest overseas operations and a Qualifying Full Bank in Singapore. As at 31 December 2023, Maybank’s total assets in Singapore were approximately S$80.25 billion. With strategically located banking branches and over 2,000 employees in Singapore, Maybank is well-positioned to provide highly personalised services and locally-oriented solutions that will deliver more value to customers. For more information, please visit www.maybank2u.com.sg.
