HSBC Amanah Malaysia Berhad (HSBC Amanah) won the Islamic ESG Bank of the Year award as part of The Asset Triple A Islamic Finance Awards 2020. The bank also received the Best Islamic Trade Finance Bank, for the third consecutive year.
Additionally, HSBC Amanah received four other awards from The Asset Triple A Islamic Finance Awards 2020 – three awards for best deals: Best Quasi – Sovereign Sukuk, Best New Sukuk and Best Structured Financing and one award for best product: Best Trade Finance Product.
The Asset selects the best Islamic banks and houses that defined the industry during 2020 and adopts a rigorous approach in selecting the best Islamic institutions and transactions in the various countries.
In a statement, Oz Ahmed, Chief Executive Officer, HSBC Amanah, said it is truly an affirming and proud moment for all of them at HSBC Amanah to be recognised for their work in championing the sustainability agenda and furthering the Group’s Sustainable strategy in Malaysia and Asia.
“HSBC Amanah is committed to transforming into a sustainable banking entity and securing the Islamic ESG bank of the year award, is testament to the Bank’s ability to not only create greater value and impact but to also develop the landscape of sustainable banking in Malaysia and beyond,” Oz said.
He further added that this win is an on-going reflection of their commitment and alignment to Bank Negara Malaysia’s Value based Intermediation (VBI) initiative that seeks to encourage Islamic banks to migrate to adopt sustainable banking practices.
HSBC Amanah also launched Malaysia’s FIRST VBI last year to highlight and inform stakeholders about HSBC Amanah’s role to lead and drive VBI efforts in Malaysia.
HSBC Group aspires to be a leader in sustainable financing, managing and shaping the shift to a low-carbon world. The bank has set out a series of commitments globally in support of this goal, including a pledge to provide USD100 billion to sustainable financing and investments by 2025.
In 2020, HSBC was named Best Bank for Sustainable Finance for the Asia, Middle East and Western Europe regions by Euromoney. In 2019, HSBC was named by Euromoney as the World’s Best Bank for Sustainable Finance while HSBC Amanah’s UN SDG Sukuk was also awarded the Islamic Deal of the Year as part of The Asset Triple A Islamic Finance Awards 2019.