Maybank Singapore launches myimpact SME Program to empower regional SMEs with sustainability solutions

    Maybank Singapore has recently introduced the myimpact SME program, a groundbreaking initiative under the Maybank Group that aims to empower small and medium-sized enterprises (SMEs) in Singapore, Malaysia, Indonesia, the Philippines, and Cambodia.

    The program is designed to provide values-based financial and non-financial solutions, helping SMEs navigate their growth journey while embracing sustainability.

    Up-close view of the top of the Maybank Tower on Battery Road, Singapore. 16 October 2012 | Cropped from a photo by Balaji Srinivasan / Pexels / NHA File Photo
    Up-close view of the top of the Maybank Tower on Battery Road, Singapore. 16 October 2012 | Cropped from a photo by Balaji Srinivasan / Pexels / NHA File Photo

    Syed Ahmad Taufik Albar, group chief executive officer of community financial services at Maybank, emphasised the bank’s commitment to fostering sustainable business practices. “Maybank myimpact SME caters to businesses at every growth stage with a comprehensive suite of financial and non-financial solutions. Our commitment to financial inclusivity and sustainable impact sets us apart, aligning with our long-term aspiration of Humanising Financial Services,” he said.

    The program creates a collaborative ecosystem of partners to help SMEs accelerate their sustainability journey. This aligns with Singapore’s Green Plan 2030, supporting the nation’s roadmap toward an environmentally sustainable future. To assist SMEs in kickstarting their sustainability initiatives, Maybank has partnered with ESGpedia, Asia’s leading ESG data and technology provider.

    The partnership enables SMEs to leverage digital tools for calculating greenhouse gas (GHG) emissions, establishing core ESG metrics, and generating sustainability reports in compliance with ISO14064 methodologies and international standards. This support aims to help SMEs navigate consumer demands, meet regulatory requirements, and position themselves for sustainable financing and business opportunities.

    Alvin Lee, Maybank Singapore’s country chief executive officer, highlighted the significance of sustainability for SMEs. “As the key contributor to Singapore’s economy, they (SMEs) play a critical role toward environmental sustainability. 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 helping SMEs meet their sustainability goals,” continued Lee.

    The myimpact SME program also offers targeted support for women entrepreneurs through the HERpower initiative. This segment provides customised financing solutions, access to networking events and workshops, alongside fee waivers for loan processing, terminal setup for electronic data capture, and payroll charges.

    Benjamin Soh, founder and managing director of ESGpedia, expressed optimism about the collaboration. “As large corporates prioritise sustainable procurement, it is undeniable that SMEs must adapt and embrace sustainability to remain competitive.”

    Soh added that ESGpedia’s partnership with Maybank provides SMEs with the tools to calculate carbon emissions and report ESG metrics, positioning them for greater sustainable business opportunities.

    With the myimpact SME program, Maybank reaffirms its position as a trusted partner for SMEs, helping them future-proof their businesses while contributing to a greener economy. News Hub Asia's new seal logo is a black spot with the letters 'NHA' inscribed in the centre with three diagonal dots in white.