Maybank Singapore has introduced a new feature in its myimpact SME programme, SMEs to calculate carbon emissions and report core environmental, social, and governance (ESG) metrics.
The initiative, which leverages ESGpedia’s online enabler tool, is designed to help SMEs navigate sustainability reporting requirements and gain a competitive edge in securing sustainable financing and business opportunities.
Part of a broader Maybank Group initiative across Singapore, Malaysia, Indonesia, the Philippines, and Cambodia, the programme equips SMEs with tailored resources to enhance their sustainability practices.
Maybank’s collaboration with ESGpedia, Asia’s ESG data and technology company, provides SMEs with an accessible way to kickstart their sustainability journey, even if they are new to ESG reporting.
The online tool allows businesses to measure their environmental impact, generate sustainability reports aligned with international standards like ISO14064, and contribute to a more sustainable future.
In addition to these features, the myimpact SME programme offers tailored financial and business advisory solutions to help SMEs future-proof their operations.
The programme also includes the HERpower initiative, which supports women entrepreneurs with tailored financing solutions, fee waivers—including processing fees for loan applications, terminal setup fees for Electronic Data Capture (EDC) terminals, and payroll charges—and access to networking events and workshops to unlock new business opportunities.
Alvin Lee, Maybank Singapore Country CEO said,
“Maybank myimpact SME as a collaborative ecosystem, will be a crucial enabler to drive sustainable growth and innovation by offering tailored insights and guidance to address their specific needs and challenges.
By empowering them through sustainability capability building and partnering with them on their decarbonisation journey, SMEs can build resilient operations and stay competitive in an increasingly eco-conscious market. We are very pleased to collaborate with various partners who share our commitment to help SMEs meet their sustainability goals.”
Benjamin Soh, Founder and Managing Director at ESGpedia, said,
“We are delighted to partner with Maybank to enable SMEs to take the first step towards sustainability through Maybank myimpact SME ecosystem.
With ESGpedia’s online enabler tool, SMEs can calculate their carbon emissions and report core ESG metrics, aligned with SGX requirements and international frameworks, to demonstrate their commitment to sustainability, and putting them at an advantage for sustainable financing and business opportunities.”
Featured image credit: Edited from Freepik
