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CIMB unveils sustainability-linked treasury programme

Clients may get a rebate upon achieving ESG-related targets.

CIMB Bank has launched a sustainability-linked treasury programme, with Farm Fresh Berhad and Sunway Berhad as its pioneering clients.

Under the programme, clients may get rebates upon achieving ESG targets. CIMB measures their commitment through pre-agreed sustainability performance targets or SPTs. These SPTs are unique for each client’s business profile and subjected to independent third party verification, the bank said.

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The programme is the first two in a new series of treasury product offerings being rolled out by CIMB that enable clients to embed their environmental, social, and governance (ESG) aspirations into treasury risk management solutions, the bank said in a press release.

The programme reportedly encompasses recurring flow transactions for customers’ business activity conversion cycles–imports and exports–as well as more episodic  balance sheet hedging. 

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