Sustainability Report 2021

IMD’s five core focus areas 22

Maybank made significant commitments in 2021 to integrate sustainability throughout the bank:

Mobilizing 50 billion Malaysian Ringgit ($12 billion) in sustainable finance by 2025

50 BILLION

Achieving a carbon neutral position for its emissions by 2030 and net zero carbon equivalent position by 2050

CARBON NEUTRAL

Improving the lives of one million households across ASEAN by 2025

1 MILLION

Lundin Sustainability Chair Professor Knut Haanaes

Achieving one million hours per annum on sustainability and delivering 1,000 significant UN Sustainable Development Goals related outcomes by 2025

carbon economy. The cohort of 100 senior leaders and 50 customer relationship managers explored key sustainability topics such as leading system change, the science of climate change, changing regulatory context, sustainable financial products, climate risk management, and partnerships with non-market stakeholders. It featured guest speakers and virtual visits with companies such as Nestlé and pioneers in the sustainability arena, such as John Elkington whose triple bottom line concept underscores how Maybank Group is pursuing a just transition in sustainability. “The bank is well on its way to becoming a world leader in the area of ESG, just as it is a world-leading institution in Islamic finance,” said Professor Karl Schmedders, co-director of the program. “Maybank is leaving no stone unturned in its sustainable transformation journey.” During the eight-month journey, participants also worked in teams, supported by IMD business coaches, on 16 projects and learning labs. These explored opportunities and challenges relevant to the bank’s transformation as well as to new sustainable products, services, impact measurement tools, platforms for collaboration and client engagement, and approaches to partnership in seven industry transitions. At the end of the journey, participants presented their findings and proposals to the Maybank Executive Committee at a cross-functional Sustainability Summit. “I am very impressed by Maybank’s commitment to a just transition,” said Professor Knut Haanaes, Lundin Sustainability Chair and co-director of the program. “Through our joint journey, I have learned so much about the value of understanding and improving the society around us.”

1000

“Sustainability enables us to enhance our sense of purpose and deepen our efforts by better serving the communities and markets we operate in, and is therefore a natural progression of our organization. Our capacity building collaboration with IMD is a critical component for us to not only integrate and deliver a clear pathway towards a sustainable ecosystem, but to be a leader in this space.”

SHAHRIL AZUAR JIMIN CHIEF SUSTAINABILITY OFFICER, MAYBANK GROUP