The RHB Banking Group (RHB) held a virtual Sustainable Media Day where it charted a course towards a climate-positive future by unveiling a comprehensive pathway to achieve net zero emissions by 2050.
The goal aligns RHB with ASEAN’s just and responsible transition to a low-carbon economy, the group said in a statement yesterday.
On hand to speak to the media were RHB’s Group Managing Director and Group Chief Executive officer Mohd Rashid and Group Chief Sustainability and Communications Officer Norazzah binti Sulaiman.
Building on its five-year sustainability strategy and roadmap for 2022-2026, RHB strengthens its climate commitment by introducing a new pillar, ‘Committed to Achieving Net Zero by 2050’.
The pillar expands on RHB’s ongoing climate initiatives, focusing on key areas such as reducing financed emissions, promoting growth in green financial services, supporting carbon-neutral companies, and integrating sustainable practices into its operations.
RHB’s net zero commitment acknowledges the financial sector’s crucial role in directing capital towards sustainable and low-carbon activities.
RHB said in a statement that its commitment to net zero “extends beyond internal efforts, recognising the importance of collaboration with clients, business partners, employees, regulatory bodies and other stakeholders”.
By fostering partnerships and staying abreast of governmental policies and incentives, the group aims to create a scalable impact towards achieving its Net Zero 2050 commitment. – Rokiah Mahmud
