JAKARTA - PT Bank CIMB Niaga Tbk (CIMB Niaga) is further strengthening its steps towards a sustainable business, by launching two financing programs, namely Sustainability Linked-Loan/Financing and Sustainable Financing. This initiative has made CIMB Niaga one of the pioneers in Indonesian banking in providing products that contribute positively to environmental and social sustainability.
The Sustainability Linked Loan/Financing (SLL) program is a financing program that offers incentives for CIMB Niaga customers who successfully achieve targets related to sustainability (Sustainability Performance Target/SPT) as agreed at the beginning of the program. Through the SPT, CIMB Niaga encourages customers to implement sustainable business practices and create a positive impact through customer business activities.
“We realize that the implementation of sustainability cannot be done alone, but requires the cooperation of all stakeholders to form a sustainable financing ecosystem. CIMB Niaga as a financial institution carries out its role, including through the launch of the SLL program that can encourage sustainable behavior from customers by improving their environmental and social performance," said CIMB Niaga Compliance, Corporate Affairs and Legal Director Fransiska Oei in Jakarta.
The Sustainable Financing Program is aimed at CIMB Niaga financing customers who are engaged in environmentally and/or socially sound businesses. Customers who implement this program will receive incentives from CIMB Niaga, so that they can increase their motivation to continue to develop their business in line with sustainable principles.
To meet the needs of customers who adhere to Sharia principles, SLL and Sustainable Financing programs can also be implemented by meeting the provisions and criteria in accordance with Sharia compliance. (LM)