Maybank Singapore has introduced a groundbreaking feature in its myimpact SME programme, enabling small and medium enterprises (SMEs) to calculate carbon emissions and report on critical environmental, social, and governance (ESG) metrics. Powered by ESGpedia’s online enabler tool, this initiative aims to simplify sustainability reporting, allowing SMEs to meet compliance standards and secure sustainable financing opportunities.
This programme forms part of a larger Maybank Group initiative spanning Singapore, Malaysia, Indonesia, the Philippines, and Cambodia, offering SMEs tailored resources to improve sustainability practices. ESGpedia’s platform equips SMEs to measure their environmental impact, generate reports aligned with standards like ISO14064, and integrate sustainable practices into their operations.
The myimpact SME programme also supports SMEs with bespoke financial advisory solutions, while its HERpower initiative empowers women entrepreneurs with fee waivers, tailored financing options, and access to workshops and networking events.
Alvin Lee, Maybank Singapore’s Country CEO, emphasized that the programme fosters sustainable growth by addressing SMEs’ unique challenges and helping them build resilience in an eco-conscious market. Benjamin Soh, Founder of ESGpedia, highlighted how the partnership enables SMEs to demonstrate their sustainability commitment, aligning with international frameworks and boosting access to sustainable financing.
This collaboration underscores Maybank’s dedication to driving sustainability and innovation within the SME sector.
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