HSBC Amanah Malaysia Bhd (HSBC Amanah) is providing

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  • 28 Feb 2020
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HSBC Amanah Provides RM200m Sustainability-related Financing to Yinson

HSBC Amanah Malaysia Bhd (HSBC Amanah) is providing RM200 million financing to support Yinson Holdings Bhd (Yinson) in building sustainable business on a long term. Under the sustainability-linked financing (SLF), HSBC Amanah is working with Yinson in reinforcing the bank’s commitment to support the shift to a low carbon economy. "Islamic banking is well placed to assist in this area. Within Malaysia, this is further supported by BNM’s Value-Based Intermediation initiative which aims to have Islamic financial institutions create greater value and impact," he said. Yinson, which is an energy solutions provider with business activities in offshore production and more recently, renewables, has a long term vision of building a sustainable business that will positively impact the world’s energy landscape and the communities where it operates. The RM200 million financing will be a major milestone in supporting this vision.

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