Kuala Lumpur, 28 July 2023 – In recognition of its commitment to community investment through impactful sustainability and corporate social responsibility (“CSR”) initiatives, Hong Leong Bank (“HLB” or the “Bank”) has been awarded the “Bank of the Year - ESG Leadership Award” at the Sustainability & CSR Malaysia Awards 2023. This marks the fourth time that HLB has been recognized by these awards, and the first time under the Environment, Social, and Governance (“ESG”) category.
In its award citation, the Awards organiser praised HLB for being “a role model for other organisations in Malaysia”, and noted its “innovative and impactful initiatives that have made a real difference to the lives of Malaysians”.
Kevin Lam, Group Managing Director and CEO of HLB, attributed the award to its innovative community-driven programs, as well as the Bank’s mission to continue investing in the communities it operates in:
“As a bank with a deep-rooted heritage of over 120 years in Malaysia, we are committed to investing in the community around us with programs that bring long term value and sustainable impact, benefitting the people and society with meaningful initiatives that centre around our brand promise of being “Built Around You”. In order for a community to thrive and develop, everyone in the ecosystem, from individuals and microbusinesses to big corporations, have to be able to contribute to its economy and society. By designing and developing our community initiatives, our mission is to empower all stakeholders to be a part of the bigger picture and play a significant role in our dynamic economic landscape.
The success of our programs and initiatives would not be possible without our passionate team behind the scenes who constantly push the boundaries of what we can do for others. Therefore, this award is dedicated to everyone involved in our CSR and ESG initiatives who are not content with empty gestures, but genuinely want to make a difference among the community now and in the future.”
As a community-centric bank that wants to build a sustainable future for all demographics, the Bank focuses on specific, high-impact initiatives that are proven to deliver long-lasting, on-ground results. HLB’s CSR and sustainability initiatives are mainly focused on promoting Financial Literacy, Financial Inclusion, and driving the transition to a Low-Carbon Economy.
- In promoting Financial Literacy, the Bank aims to raise a generation with a strong foundation of financial knowledge under its flagship CSR platform - HLB DuitSmart. The Bank conducts interactive financial literacy workshops for students and the Orang Asli community, as well as through publishing social media content about scam awareness.
- In driving Financial Inclusion, the Bank provides digital banking products and services to small towns through HLB @ Kampung, transforming them into a “Cashless Kampung”. Moreover, HLB Jumpstart supports budding entrepreneurs and social enterprises with resources and guidance to start their own businesses.
- HLB is also focused on building climate resilience, with emphasis on transitioning to a Low-Carbon Economy. The Bank integrates ESG and sustainability practices into all layers of operations and business, committing to achieve net zero carbon emissions by 2050.
Over the past financial year, HLB has achieved significant milestones in their ESG and CSR journey. Here are a few key highlights: