Islamic Banks have played a key role since the 1970s to prevent harm and promote goodness in their financing activities and services. However, the focus has been rather narrow and confined to a screening of negative impact. There has been a lack of focus on positive impacts, such as reducing greenhouse gas emissions, reducing inequality, increasing diversity and preserving human rights. Therefore, it is time for Islamic banks to widen this goal and integrate both the environmental, social and governance criteria, and the Sustainable Development Goals into their operations.
Welcome to this case study, “Integrating Sustainability into Banking: CIMB Malaysia”, by Rafe Haneef, Chief Executive Officer, Group Transaction Banking & CIMB Foundation.
This video is licensed under the CC BY-NC-SA license