22nd March 2024
ISF secured RM90 Million Sustainability-Linked Loan from RHB Bank
ISF’s Chief Executive Officer, Mr. Takashi Ishigami (second from right) and RHB Group Managing Director/Group Chief Executive Officer, Mr. Mohd Rashid (second from left), officially signed the SLF agreement and sealed it with a firm handshake. The moment was witnessed by ISF Chief Marketing Officer, Ms. Khoo Yoke Lian (far right), and RHB Group Chief Sustainability and Communication Officer, Ms. Norazzah Sulaiman (far left).
We are pleased to announce the establishment of a RM90 million Sustainability-Linked Facility (SLF) agreement with RHB Bank Berhad (RHB). This strategic collaboration underscores ISF and RHB’s shared commitment to promoting sustainable practices across the palm oil industry.
Under the terms of the SLF, ISF will benefit from rebates upon achieving predefined Sustainability Performance Targets (“SPTs”), strategically crafted to drive tangible advancements across ISF’s operations, supply chain engagements, and client requirements. These targets aim to enhance the sustainability profile of the palm oil industry, contributing to a more sustainable future.
“We are delighted to partner with RHB Bank on this innovative financing solution,” said Takashi Ishigami, CEO of ISF. “The SLF not only strengthens our financial flexibility but also empowers us to advance impactful initiatives for a greener and more inclusive future. This collaboration exemplifies our unwavering commitment to sustainability and aligns perfectly with ISF’s long-standing values.”
RHB Banking Group Managing Director/Group Chief Executive Officer, Mohd Rashid Mohamad, emphasized the bank’s dedication to sustainable practices. “This SLF signifies a significant step of RHB’s role as a catalyst of positive change,” he said. “We are delighted to have the opportunity to continue supporting ISF on their sustainability journey and business growth with this Sustainability-Linked Facility.”
This collaboration with RHB Bank reinforces ISF’s leadership position in promoting sustainable palm oil practices. It represents a significant milestone in our ongoing efforts to embed sustainability in the palm oil industry, emphasizing the crucial role of collective action in driving positive environmental outcomes.
About the RHB Banking Group
The RHB Banking Group, with RHB Bank Berhad as the holding company, is one of the largest fully integrated financial services groups in Malaysia. The Group’s core businesses are structured into five main business pillars, namely Group Community Banking, Group Wholesale Banking, Group Shariah Business, Group International Business, and Group Insurance.
Group Community Banking comprises Retail Banking and SME Banking, while Group Wholesale Banking comprises Group Investment Banking, Group Corporate Banking, Group Treasury & Global Markets, Group Asset Management, Commercial Banking, Transaction Banking, and Economics.
All five Strategic Business Groups offer their financial solutions through RHB Bank Berhad and its main subsidiaries – RHB Investment Bank Berhad, RHB Islamic Bank Berhad and RHB Insurance Berhad, while its asset management and unit trust businesses are undertaken by RHB Asset Management Sdn. Bhd. and RHB Islamic International Asset Management Berhad.
The Group’s regional presence now spans eight countries including Malaysia, Singapore, Indonesia, Thailand, Brunei, Cambodia, Vietnam, and Lao PDR.
For more information, please visit www.rhbgroup.com.
About Intercontinental Specialty Fats Sdn Bhd (“ISF”)
Intercontinental Specialty Fats Sdn. Bhd. (“ISF”) is a privately-owned company headquartered in Port Klang, Malaysia, established in 1980. As a leading manufacturer of palm specialty oils and fats, ISF owns and operates refining and downstream processing facilities across Peninsular Malaysia, with a dedicated workforce of approximately 700 employees. Additionally, we maintain a sales and distribution office in Shanghai, China, strategically positioned to support and empower local businesses. In 2018, we further expanded our operations with the establishment of a refinery in Italy. This refinery enhances the refinement process for ISF products originating from our Malaysian facilities before distributing them across Europe.
ISF is a subsidiary of The Nisshin OilliO Group, Ltd., the largest vegetable oil company in Japan. For more information about Intercontinental Specialty Fats Sdn. Bhd, please visit: https://isfsb.com/
Media Coverage
