BUSINESS

CIMB joins UN's push to increase private sector investment for sustainable development

20/10/2019 03:24 PM

KUALA LUMPUR, Oct 20 – CIMB Group Holdings Bhd, together with 29 other global business titans, have pledged to collaborate over the next two years to fulfil the objectives of the Global Investors for Sustainable Development (GISD) Alliance.

In a statement, CIMB said the GISD is a United Nations (UN) initiative to free up trillions of dollars from the private sector to finance the Sustainable Development Goals.

The bank said over the next two years, the group would deliver solutions to unlock long-term finance and investment in sustainable development both at company- and system-wide levels; mobilise additional resources for countries and sectors most in need; find ways to increase the positive impact of business activities; and align business practices with the 2030 Agenda for Sustainable Development.

CIMB group chief executive officer (CEO) Tengku Datuk Seri Zafrul Aziz said being part of the GISD Alliance complements the bank’s commitment to the UN Environment Programme Finance Initiative’s Principles for Responsible Banking and allows it to enhance efforts towards increasing investments in sustainable development.

“We are pleased to join forces with 29 other global corporations to champion sustainable development worldwide,” he added.

Convened by UN Secretary-General António Guterres, the GISD Alliance, which was launched in New York on Oct 16, is co-chaired by Allianz CEO Oliver Bäte and Johannesburg Stock Exchange CEO Leila Fourie.

-- BERNAMA


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