Maybank rolls out green financial advisory service to SEA SMEs

Small and medium enterprises will receive funding to aid in their sustainability reporting.

Maybank has launched the myimpact SME program, which will offer sustainability-linked financial and business advisory solutions to small and medium enterprise (SMEs) across Southeast Asia.

The initiative will offer “value-based solutions” to support SMEs in Singapore, Malaysia, Indonesia, the Philippines, and Cambodia, Maybank said in a press release.

SMEs will receive funding from the bank for sustainability reporting— including emissions reporting, green and sustainability-linked financing, climate risk management, and sustainable supply chain reporting on a real-time basis.

Maybank will also use ESGPedia’s online enabler tool to allow SMEs to calculate their carbon emissions and report core ESG metrics.

Maybank Singapore Country CEO Alvin Lee noted that SMEs lack the resources and know-how to embed sustainability in their business operations.

“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,” Lee said, commenting on the myimpact SME program.

As part of the Maybank myimpact SME initiative, Maybank will also offer additional 
support for women entrepreneurs through the HERpower program, including tailored financing solutions, networking events, and workshops.

Women entrepreneurs are also offered a processing fees waiver of up to $2,000 for loan application; a pay waiver for the terminal setup fee for Electronic Data Capture (EDC) terminal; and payroll charges waiver of up to $100 monthly.