Kuala Lumpur, Malaysia – 7 March 2024 –
Maybank and Gentari announced a significant step towards a more
sustainable future with the signing of a Memorandum of
Understanding (MOU) to explore collaboration in green mobility and
renewable energy solutions. This marks Gentari’s first
collaboration with a financial institution, signifying an aligned
commitment with Maybank to drive sustainable solutions adoption in
the market.
The collaboration will further strengthen
Maybank’s sustainability goals, aiming to achieve a Carbon
Neutral Position of emissions by 2030 as well as a Net Zero Carbon
Equivalent position by 2050. As at December 2023, Maybank has
surpassed its sustainable financing targets, mobilising RM34
billion for the year, well ahead its 2023 target of RM16 billion,
with a cumulative achievement of over RM68 billion, against the
targeted RM80 billion by 2025.
Tuan Syed Ahmad Taufik Albar, Group CEO, Maybank Community
Financial Services,
emphasised the bank’s commitment to becoming the
sustainability leader in Southeast Asia, driven by sustainable
financing and acting as a crucial agent for low-carbon
initiatives. He highlighted Maybank’s focus on delivering
value-based solutions grounded in sustainable and ethical
principles, while meeting the market’s growing demand for
eco-conscious practices.“We offer comprehensive solutions
in green mobility and renewable energy,” said Taufik Albar.
“Embracing our purpose to Humanising Financial Services, we
support our customers with a complete ecosystem: best-in-class,
value-based offerings that is both within and beyond traditional
banking.”
The strategic partnership marks a
significant milestone, harnessing Gentari’s
well-established expertise in the green mobility and renewable
energy sector, and underscoring Maybank’s commitment to
championing sustainable practices and innovative solutions. With
Gentari as the clean energy solutions partner in this visionary
journey towards environmental stewardship and innovation, Maybank
is setting the initiative in motion through the installation of
charging points for electric vehicles (EV) and hybrid vehicles at
its network of premises and branches nationwide, beginning with
ten strategically chosen locations.
Having the widest
network of DC fast chargers in Malaysia, Gentari offers EV and
Hybrid vehicle owners in Malaysia access to over 335 charging
points, including more than 100 DC fast chargers. Through this
collaboration, Maybank Islamic’s InCharge pre-credits will
be extended to include Gentari’s charging stations, giving
more access and benefits for customers. Maybank Islamic InCharge
is an EV pre-credit incentive programme for EV and Hybrid vehicle
owners with Maybank Islamic Auto financing with credits useable at
selected charging stations. Meanwhile, Maybank SME customers will
have access to consultancy and advisory services facilitation with
Gentari as the clean energy industry expert in Maybank’s
myimpact SME Hub.
Other areas of
collaboration include cross-branding and marketing efforts of the
entire suite of Maybank product offerings including financing,
insurance and takaful, card partnerships and others; leveraging on
Maybank’s financial offerings and digital platforms with
Gentari’s expertise and facilities.
“A
just energy transition requires diverse stakeholders to come
together to make clean energy more accessible, sustainable and
affordable. This collaboration unites Maybank’s suite of
financing and insurance solutions with Gentari’s green
mobility and renewable energy offerings, marking the collaboration
between like-minded partners who are dedicated to making the shift
towards a sustainable lifestyle attainable,” said
Shah Yang Razalli, Deputy CEO of Gentari and CEO of Gentari
Green Mobility.
The exchange between
Maybank’s Group CEO of Community Financial Services, Tuan
Syed Ahmad Taufik Albar, and Deputy CEO of Gentari and CEO of
Gentari Green Mobility, Shah Yang Razalli, took place in a
closed-door ceremony attended by the senior management of both
companies. The partnership aims to create greater awareness and
more opportunities for individuals and businesses to make a
positive impact through sustainable choices and contribute
meaningfully for a better tomorrow.