The onboarding of ISF marks a first for a Japanese and foreign multinational company (MNC) into the Sustainability-Linked Treasury Programme since its successful introduction in 2022. This is a part of ISF’s Finance Department’s initiative to link ISF’s sustainability initiatives with financial incentives.

The programme is in line with CIMB Groups’ ambition to become a leading focused ASEAN bank and ASEAN sustainability leader under their Forward23+ strategic plan. Under the programme, ISF stands to receive a rebate linked to the achievement of pre-agreed Sustainability Performance Targets (SPTs). SPTs are unique to each of CIMB’s clients’ business profiles and sustainability aspirations and are subject to stringent independent third-party verification.

“CIMB is honoured to onboard ISF as a key partner in this innovative Programme, which will facilitate and support ISF’s sustainability goals whilst meeting their recurring hedging requirements over a longer-term horizon.” Jefferi Hashim, Head of CIMB Group Wholesale Banking’s ESG Advisory and Solutions said, “This transaction highlights CIMB's capabilities and commitment to helping clients from a wide range of industries and sectors to advance their respective ESG agendas and create positive impacts through sustainable finance solutions.”