Maybank Raises Sustainable Finance Target Across ASEAN To US$73 Bln By 2030
By Nik Nurfaqih Nik Wil
JAKARTA, June 30 (Bernama) -- Maybank Group has committed to mobilise US$73 billion (US$1 = RM 4.06) in sustainable finance across ASEAN by 2030, raising its ambition as it continues to support what it describes as a responsible and orderly transition that drives long-term growth and resilience.
Maybank group president and chief executive officer Datuk Seri Khairussaleh Ramli said the refreshed target builds on the group’s achievement of mobilising about US$43 billion in sustainable finance as of 2025, exceeding its earlier commitment and demonstrating the growing momentum across the region.
“Our focus is not only to finance what is already green, but also support sectors that need transition,” he said during his keynote address at the inaugural Maybank Indonesia Sustainable Finance Forum 2026 here on Tuesday.
Also present were Indonesia’s Financial Services Authority (OJK) Board of Commissioners chairperson Friderica Widyasari Dewi, Indonesia’s Industry Vice Minister Faisol Riza, Maybank Group chief sustainability officer Datuk Shahril Azuar Jimin, and Maybank Indonesia president director Steffano Ridwan.
Khairussaleh said the new target reflects Maybank’s focus on supporting sectors undergoing transition, including emission-intensive and hard-to-abate industries, by helping clients improve efficiency, adopt cleaner technologies and develop credible transition pathways.
He said the commitment also reflects Maybank’s belief that sustainability is not a separate agenda, but an integral part of creating long-term value by supporting economic progress, strengthening business resilience and delivering meaningful impact to the communities it serves across ASEAN.
Meanwhile, Faisol said the Indonesian government is committed to ensuring that the country’s industrial growth proceeds hand in hand with the transformation towards a greener, more efficient, and lower-carbon industry.
“Financial support, technology and international partnership remain essential to accelerating the transformation,” he said.
Faisol said the Industry Ministry estimates investment needs for industrial decarbonisation between 2026 and 2060 at around US$300 billion, while existing green financing still tends to prioritise projects that are already considered bankable.
To help bridge the financing gap, he said the ministry is preparing a dedicated platform to connect industrial players of all sizes with financing providers, supported by a ministerial regulation on green financing, which it hopes to implement this year.
Faisol added that strategic forums such as this provide an important platform for bringing together the banking sector, industry, and international development partners, and that consistent policies, industrial commitment, and innovative financing would be key to the success of Indonesia’s green industrial transformation.
The forum also saw the official introduction of Maybank Indonesia's Sustainable Shariah Restricted Investment Account (SRIA), a shariah-compliant investment solution that enables customers to contribute directly to financing green projects that support Indonesia's energy transition and sustainable economic growth, while investing in accordance with Islamic principles.
Steffano said the Sustainable SRIA reflects Maybank Indonesia's continued efforts to offer investment solutions that integrate Islamic finance principles with sustainability in the Indonesian market.
“Integrating sustainability into the financial landscape is no longer merely a matter of regulatory compliance, but a key instrument in maintaining business competitiveness in both the domestic and global markets,” he added.
-- BERNAMA