KUALA LUMPUR: Malayan Banking Bhd (Maybank) and clean energy solutions provider, Gentari have signed a memorandum of understanding (MoU) to explore collaboration in green mobility and renewable energy solutions.
This marks Gentari’s first tie-up with a financial institution.
In a statement, Maybank said the collaboration will further strengthen its 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 RM34bil for the year, well ahead its 2023 target of RM16bil, with a cumulative achievement of over RM68bil, against the targeted RM80bil by 2025.
Group chief executive officer for community financial services Syed Ahmad Taufik Albar 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. 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,” he said.
The strategic partnership is a big step forward, combining Gentari's expertise in green mobility and renewable energy with Maybank's dedication to promoting 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,” it said.
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 which enables rapid charging for EV and Hybrid vehicles.
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.
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.
“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,” Gentari deputy CEO and Gentari Green Mobility CEO Shah Yang Razalli said.
