Thursday, 17 Sep 2020 04:17 PM MYTSINGAPORE, Sept 17 — StarHub Group’s unit Malaren International Sdn Bhd has entered into a RM270 million sustainability-linked term loan facility agreement with CIMB Bank Bhd.
“As we are driving our business to support the growth and development of new services, we are pleased to underpin our commitment in our sustainability strategy by taking up our very first sustainability-linked loan with CIMB,” chief financial officer of StarHub, Dennis Chia, said in a statement today.
To incentivise environmental transparency and performance, CIMB will grant a rebate against the loan interest based on StarHub’s performance in its annual CDP Climate Change Scores from financial years 2021 to 2023. CDP, formerly known as the Carbon Disclosure Project, is a leading global benchmark on the management of climate-related impacts, to assess responders’ progress towards environmental stewardship.
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