KUALA LUMPUR (March 11): Malayan Banking Bhd (Maybank) has teamed up with Gentari Sdn Bhd, the clean energy arm of Petroliam Nasional Bhd (Petronas), to explore collaboration in green mobility and renewable energy solutions.
Maybank said it has signed a memorandum of understanding with Gentari, with the aim of strengthening its sustainability goals including achieving a carbon neutral position of emissions by 2030 and a net zero carbon equivalent position by 2050.
“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,” added Maybank in a statement issued jointly with Gentari on Monday.
Maybank Islamic InCharge is an electric vehicle (EV) pre-credit incentive programme for EV and hybrid vehicle owners with Maybank Islamic Auto financing with credits usable at selected charging stations.
Gentari, which has the widest network of DC fast chargers in Malaysia, offers access to over 335 charging points, including more than 100 DC fast chargers which enable rapid charging for EV and hybrid vehicles.
Maybank group CEO of community financial services Syed Ahmad Taufik Albar said the group is committed to becoming the sustainability leader in Southeast Asia, driven by sustainable financing and acting as a crucial agent for low carbon initiatives.
He noted that as of December 2023, Maybank had surpassed its sustainable financing targets, mobilising RM34 billion for the year well ahead of its 2023 target of RM16 billion, with a cumulative achievement of over RM68 billion, against the targeted RM80 billion by 2025.
Besides this, the 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 among others, he added.
Gentari deputy CEO Shah Yang Razalli said: "A just energy transition requires diverse stakeholders to come together to make clean energy more accessible, sustainable and affordable".
"The 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."