CIMB will grant a rebate against the loan interest if the telco is able to achieve the pre-agreed annual targets in its CDP Climate Change Scores from FY2021 to FY2023. CDP, which is the leading global benchmark on the management of climate-related impacts, used to be known as the Carbon Disclosure Project.
StarHub’s subsidiary Malaren International has entered into a RM270 million ($88.8 million) sustainability-linked term loan facility agreement with CIMB Bank Berhad on September 17.
The sustainability-linked loan is the first for both companies.
