Sustainability News & Activities

2022

AmBank inks Green Financing Facilities with Kerjaya Prospek Property for Bloomsvale

 

AmBank has recently inked green financing facilities with Kerjaya Prospek Property with a RM100 million financing to fund the development of Courtyard by Marriot Hotel at Bloomsvale, in Old Klang Road, Kuala Lumpur.

The collaboration continues AmBank’s momentum in meeting demand for sustainability-linked financing due to the heightened awareness on combating climate change. It is also part of AmBank Group’s continuous efforts to offer its customers with green financing options as it further complements its goal in driving the Group’s Environmental, Social and Governance (“ESG”) sustainability initiative.


AmBank organised ESG Contest Amongst the Staff Nationwide

 

AmBank held its inaugural ESG Contest via Kahoot to create awareness on Environmental, Social and Governance (ESG) amongst the staff nationwide, attended by 1,118 employees. Over 100 questions on ESG-related topics were fielded throughout the contest period.

With this ESG Awareness Campaign 2022, it enables AmBank employees to embrace and appreciate ESG as part of their everyday life. As part of AmBank Group’s Sustainability Journey, we aspire to educate and engage employees to take responsibility and action to make our communities a better place to live in.


AmBank Group Maintains “AA” Rating for MSCI ESG Ratings

AmBank Group has maintained this globally recognised rating since 2020, which is a testament of the Group’s consistency and tenacity in following through its ESG agenda.

The rating was based on an assessment of AmBank Group’s practices covering six broad areas namely Financing Environmental Impact, Access to Finance, Human Capital Development, Privacy & Data Security, Consumer Financial Protection, Corporate Governance and Corporate Behaviour. It also highlights that AmBank Group ranks ahead of its global top five peers in its Customer Financial Protection based ib its adoption of best practices in inter alia employee training on customer financial protection.


Encouraging Eco-Friendly Choices at AmBank Group with Paper-Free Week Challenge

 

In conjunction with World Rainforest Day, AmBank Group conducted a Paper-Free Week Challenge by encouraging the employees to go paperless and minimise paper consumption.

During the course of the challenge, the number of papers printed by all departments were tracked and the Top 3 departments with the highest savings in printing were rewarded. This initiative has successfully reduced a total of 45,345 sheets from their paper consumption.


AmBank and Sime Darby Property Launch Digital Initiative and Green Financing for Homebuyers

 

AmBank Group and Sime Darby Property signed a Memorandum of Understanding (MoU) to offer homebuyers a new sustainable financing option for the purchase of Sime Darby Property homes.

This partnership provides a seamless customer experience which includes a simplified loan application process through its holistic home ownership ecosystem. This is also part of our efforts to offer our customers with green financing options as it furthers complements our goal in driving the Group’s Environmental, Social and Governance (ESG) sustainability initiative.

For more information, click here.


AmInvestment Bank Wins at The Asset Triple A Sustainable Capital Markets Country & Regional Awards

AmInvestment Bank has won two awards at The Asset Triple A Sustainable Capital Markets Country & Regional Awards 2021 in March 2022. It won Best Sustainability Sukuk with SME Bank’s RM500 million ASEAN Sustainability Sukuk where AmInvestment Bank acted as the Joint Lead Manager and for Best IPO CTOS Digital’s RM 1.2 billion IPO – AmInvestment Bank acted as the Bookrunner, Managing Underwriter and Underwriter. These accolades demonstrate AmInvestment Bank’s outstanding achievements in 2021 despite the COVID-19 pandemic.

The Asset Triple A Sustainable Capital Markets Country & Regional Awards are Asia’s preeminent recognition for banking, finance, treasury and the capital markets. The award recipients were selected based on a stringent methodology to honour the best institutions and individuals operating in Asia.


AmInvest launch Health Fund

 

AmInvest has introduced its Sustainable Series – Health Fund, which is a long-term capital growth fund. The Fund will feed into Pictet – Health, capitalising on health megatrends as well as innovators to improve the standard of healthcare.

AmInvest has already launched three other Sustainable and Responsible Investment (SRI) qualified funds under the Sustainable Series, namely Positive Change Fund, Climate Tech Fund and Nutrition Fund, with more funds slated to be launched in the pipeline.

Through investing in the Fund, healthcare companies are coming up with disruptive innovation such as cutting-edge robotics and interactive sports devices as potential investments in this frontier. AmInvest is excited to partner with Pictet Asset Management, which has been awarded the Best Thematic Provider by Asian Private Banker 2022.

For more details on the Fund’s features and risks, please refer to the AmInvest Information Memorandum for Sustainable Series – Health Fund dated 28 June 2022 via aminvest.com.

For more information, click here.


AmBank Group’s Inaugural ESG Day - Powering Our Commitment to Sustainability

 

AmBank Group held its inaugural ESG day in January 2022 to engage with customers and investors on its ESG journey. As part of its commitment, the Group organised the virtual ESG Day to create a platform to bring together perspectives and insights to help elevate the key themes in the transition to a more sustainable financial future.

The ESG day is part of the Group’s action plan in communicating its sustainability road map to its stakeholders and reaffirm its commitments. The Group is committed to its goal in integrating sustainability into its business operations.

The commitment to sustainable growth that combines both financial and ESG consideration is at the heart of AmBank Group’s strategy, as the Group builds long-term value for the Bank and its stakeholders.

For more information, click here.


AmBank offers business financing up to RM2million for Malaysia's Micro, Small and Medium Enterprises (MSMEs), in collaboration with Lazada

 

AmBank has partnered with Lazada, Southeast Asia's pioneer eCommerce platform, to provide holistic solutions and additional facilities to further empower Malaysia’s Micro, Small and Medium Enterprises (MSMEs) sector. The bank is offering business financing up to RM2 million exclusively for local entrepreneurs and sellers on the Lazada Malaysia platform to grow and sustain their online businesses.

This strategic pact with Lazada paves vital digital path for MSMEs to flex their online business muscle in road to economic recovery, giving the MSMEs opportunity to generate capital to expand their online business and bounce back from the economic impact of the outbreak.

AmBank’s financing solutions will be made available for Lazada sellers under the Lazada Service Market, where a range of affordable third-party services, as well as essentials supplies, are accessible to assist the sellers’ online store operations, supporting more MSMEs to digitalise their businesses, narrowing the digital gap and bringing more local entrepreneurs onboard.


AmBank Group’s Main Buildings Are Fully Installed With LEDs

 

Working towards realising the zero greenhouse gas emission (GHG) target as part of AmBank Group’s sustainability agenda, one of the key energy management initiatives to reduce Scope 2 GHG emission has been rolled-out with Light-Emitting Diode (LED) lighting installation.

Four of AmBank Group’s main buildings are fully installed with LEDs, namely Menara AmBank, Bangunan AmBank Group, Wisma AmFirst and Damansara Fairway 3.

The installation of the LED lighting in the main buildings started since 2019 and was conducted in phases before the full completion in July 2022. Meanwhile, the installation of LED at branch premises is ongoing and is targeted to be completed by the end of FY2023.


AmBank Group and Capital Markets Malaysia (CMM) Promote Sustainability for SMEs

 

AmBank Group and Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia, had collaborated to host a webinar on Environment, Social and Governance (ESG) and Sustainability for AmBank’s SME customers.

This event was organised to equip and guide SMEs on the fundamentals of ESG and simplified calculations for greenhouse gas (GHG) emissions.

AmBank Group’s participation in this programme reflected its overall commitment towards the Group’s Sustainability Framework, which includes supporting SME customers to transit towards low carbon emissions and sustainable practices.


Banking On Islamic Finance For A Sustainable Future

 

At the Malaysian Institute of Certified Public Accountant (MICPA) Sustainable Finance Series webinar, AmBank Group and MICPA have called upon professional accountants to uphold the responsibility in integrating sustainability best practices within their organisations.

Eqhwan Mokhzanee, CEO of AmBank Islamic, shared that Islamic Finance plays a critical role in advocating the sustainability agenda as it serves to promote protection over the environment, society and governance.

AmBank Group has also mapped out its aspirations to support the United Nations Sustainable Development Goals (UN SDGs) as well as value-based intermediation (VBI) during the one-hour webinar session.


Minimising Carbon Footprint at AmBank Group

 

AmBank Group continues to complement its Environmental, Social, and Governance (ESG) best practices by creating awareness on the importance of reducing carbon footprint at workplace amongst the Bank’s employees. Staff are also encouraged to calculate their own carbon footprint at https://www.carbonfootprint.com/calculator.aspx.

Various awareness and education programmes have been actively conducted for our employees to appreciate the relationship between business and sustainability goals, particularly in minimising the carbon footprint. Additionally, various ESG-related webinars will continue to be developed as part of the ongoing virtual learning series to support this cause.


Beach Clean-up Activity in collaboration with MY Clean Beach

 

AmBank Group had collaborated with MY Clean Beach in a beach clean-up activity at Pantai Remis Jeram, Kuala Selangor. With the help of 88 AmBank Group staff volunteers, a total amount of 172.9kg of trash was collected. The collected trash was then segregated to be recycled responsibly. This beach clean-up activity is in line with AmBank Group’s Sustainability Journey to raise awareness on the importance of proper waste disposal and recycling.

Click here​ to view the event highlights video.


Tree Planting Programme in collaboration with Yayasan Hijau

 

In collaboration with Yayasan Hijau Malaysia, AmBank Group had planted 780 trees at Taman Eko-Rimba Bukit Sg. Puteh, Kuala Lumpur as part of their ‘Greening Malaysia: National 100 million trees’ campaign. This is in line with the Group’s Sustainability Journey in reaching zero carbon emission by 2050.

Click here​ to view the programme highlights video.


AmBank Group awarded with the Energy Management Gold Standard (EMGS) Certification

 

AmBank Group is the first financial institution to be awarded with the Energy Management Gold Standard (EMGS) certification, which the bank received the 1-star certification for Menara AmBank. The EMGS is a certification system delivered under the ASEAN Energy Management Scheme (AEMAS) based on excellence in energy management. The EMGS 1-star assessment requires seven aspects to be assessed namely Management, Organisation, Process, Information, Financial, Corporate Responsibility and Achievement.


AmKasih Ramadan Raya CSR Programme

 

In conjunction with Ramadan Raya 2022, AmBank Group distributed food hampers to 500 asnaf families from Amanah Ikhtiar Malaysia, and 600 students from AmBank Adopted Schools and FINCO Schools Alumni nationwide. The food hampers contained rice, sugar, wheat flour, cooking oil and many more.


Championing eWaste Management in AmBank Group

 

In line with the Group’s Sustainability Journey, Digital Banking of Group Information and Operations Division, in collaboration with Plugged In Malaysia, refurbished and donated computers and monitors to various NGOs that support students from low income families. This is part of the Group’s initiative in championing eWaste Management.


FINCO Budgeting Workshop

 

AmBank Group staff volunteered in the FINCO Budgeting Workshop where the objective was to improve financial awareness and budgeting skills among students. 74 secondary students from selected FINCO schools nationwide participated in the workshop. Students learned the different ways to earn an income, how much to save monthly and the difference between Needs and Wants.


FINCO Storytelling Sessions

 

FINCO Storytelling Sessions is a programme under FINCO’s English Proficiency Pillar where AmBank Group volunteers participate in various sessions to guide primary school students how best to improve their level of English proficiency. AmBank Group staff had engaged with a total of 126 students from 4 FINCO schools in February 2022.


MYReaders Programme

 

AmBank Group partnered with MYReaders to conduct an English Literacy Programme to empower school students with low reading comprehension and proficiency. The participating students were from Pertubuhan Rahoma Darul Fakir Malaysia which provides shelter, education, as well as religious, spiritual and physical wellness to orphaned, underprivileged children from low-income families.


MoU Signing of Solar Panel Partnership

 

AmBank Group is proud to partner with two leading players in renewable energy, Armani Energy Sdn Bhd and Nestcon Sustainable Solutions Sdn Bhd, to supply solar panels to our customers.​ This partnership complements the Group's ESG journey through green technological advances ​for greater efficiencies & growth for our customers.​


‘Invest In Our Planet’ Initiative by AmBank Retail Banking

 

In line with the Earth Day theme of ‘Invest In Our Planet’, the AmBank Retail Banking team contributed potted plants to the Building Management at Menara AmBank. The initiative was aimed at enriching the greeneries around the building and most importantly, creating awareness and reminding all AmBankers on the importance of sustainability.


AmKasih CSR Programme with SK Taman Sri Muda

 

AmKasih had contributed back-to-school kits to students from SK Taman Sri Muda. The contribution benefitted over 600 students from the B40 community, who each received two sets of school uniform, two pairs of school shoes, three pairs of school socks, two stationery sets and a school bag.


Green Electricity Tariff (GET) Agreement

 

AmBank Group has adopted the Green Electricity Tariff (GET) Programme offered by Tenaga Nasional Berhad (TNB) to reduce its carbon footprint in electricity consumption. Through this programme, AmBank Group aims to reduce its Scope 2 carbon emissions by approximately 90%. Among the green initiatives implemented is investing in energy-efficient infrastructures such as installing LED lighting system for its buildings and branches nationwide.

AmBank Group’s Sustainability Framework reflects its commitment to contribute to global sustainability goals and ensures that its strategies, activities and portfolio will consider the environmental, social and governance (ESG) impact.


Earth Hour 2022

 

In support of Earth Hour, AmBank Group is taking an extra initiative by turning off the lights in its main buildings every last Saturday of the month from 8.30 p.m. to 9.30 p.m. for a year.

The buildings that will be participating in the Earth Hour movement includes Menara AmBank, Bangunan AmBank Group (Kuala Lumpur), Damansara Tropicana Fairway 3, Wisma AmFirst and Bangunan AmBank Group (Kuching).


Adopt An Animal from Zoo Negara

 

In conjunction with Earth Day, AmBank Group employees participated in an “Adopt An Animal from Zoo Negara” campaign. The campaign was to raise funds for Zoo Negara to provide for the well-being of the wildlife at the zoo.

The funds will be used to sustain the provision of food and veterinary care for the animals. Also, 28 out of 29 animals at Zoo Negara were adopted through this campaign.


MYReaders English Literacy Programme

 

In line with AmBank Group’s sustainability effort and FINCO’s English Proficiency Pillar, which aims to increase English proficiency amongst primary and secondary school students, AmBank Group is partnering with MYReaders to conduct a literacy programme to empower school students with low reading comprehension and proficiency.​​

With the help from MYReaders’ literacy toolkit, AmBank staff volunteers are able to participate in this sustainable Group CSR efforts and help their mentee improve their reading proficiency in English.​​​​​​​


 

2021-2022

AmKasih – The Lost Food Project

 

AmBank Group has partnered with The Lost Food Project (TLFP) to reduce food wastage and be part of a collective effort to eliminate hunger among the B40 Community. Through our contribution, the food surplus collection increased, reaching out to 55 charity organisations, including charity homes, community centre and Program Perumahan Rakyat (PPR) in Klang Valley.​​

To date, our contribution has helped TLFP in their total collection of 1,239,088 kg food surplus in 2021 and prevented 3,097,605 kg CO2 from entering our atmosphere by diverting food waste.​​​​​​​​​​​​​


 

2021

AmKasih – COVID-19 Assistance Food and Tablet Distribution to B40

 

AmBank AmKasih distributed food aid for three months, on top of tablet and one-year internet data subscription to two schools in Penang. The beneficiaries from the B40 community were 21 students from SMK Sg Ara and 48 students from SMK Tun Syed Sheh Barakbah.

 

FINCO Programmes – Financial Literacy (Sharing Session by AmBank Islamic CEO)

 

Encik Eqhwan Mokhzanee, CEO, AmBank Islamic joined or FINCO’s CEO Volunteering Month: Financial Literacy and shared on ‘how to embark as an adult to earn more, manage finances and avoid bankruptcy’. This initiative is aimed at equipping secondary school students with a better understanding of how to plan for post-secondary school life.

 

FINCO Programmes – Life Aspiration (Sharing Session by GCEO)

 

For FINCO’s CEO Volunteering Month: Life Aspiration, Dato’ Sulaiman Mohd Tahir, Group CEO AmBank Group, and a member of the FINCO Board has given a talk entitled ‘How to choose your role model/mentor and why is it important’ to secondary school students. This sharing session was aimed at inspiring the students to strive to achieve their full potential in life and encourage them to explore their personal values, life and career goals.


 

2020

AmKasih – COVID-19 Assistance For Hospitals and Frontliners

 

AmBank Group in collaboration with PichaEats sponsored over 200 meals daily in total for lunch and dinner to Universiti Malaya Medical Centre (UMMC) and Putrajaya Hospital frontliners during the Movement Control Order (MCO) period.​​


 

2019

FINCO Programmes – English Literacy

 

In collaboration with Taylor’s University, FINCO & Teach for Malaysia Alumni Association, AmBank Group organised an English & Financial Literacy Partnership Programme for the B40 community. This concerted effort involved 40 women entrepreneurs and their 19 children from Program Perumahan Rakyat (PPR) housing areas, in which they attended six classes to build skills in the areas of:​​

  • Financial Literacy & Management
  • Fun English Competency
  • Emotional Well-Being
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