CIMB SG and ESGpedia have helped 100+ SMEs set GHG reduction targets

The bank offers a fully digital experience to calculate GHGs.

CIMB Singapore and ESGpedia have enabled over a hundred companies to set greenhouse gas (GHG) reduction targets through sustainability-linked financing.

Under its SME Sustainability-Linked Loan/Financing Programme (SME SLL/SLF Programme) launched in August 2024, CIMB Singapore offers a self-directed and fully digital experience for GHG calculation via the ESGpedia platform for small businesses.

“It automates much of the data and reporting process, so SMEs can focus on improving their business performance while confidently tracking their environmental progress, to achieve long-term efficiency, customer trust, and even cost savings,” said Adam Lim, head of commercial banking product and strategy, CIMB Singapore.

SMEs are also provided tiered key performance indicators (KPIs) with tiered interest rate discounts, with greater rebates beginning the second year.