KUALA LUMPUR: Malayan Banking Bhd (Maybank) has partnered with Gentari to explore collaboration in green mobility and renewable energy solutions.
This marks Gentari's first collaboration with a financial institution, signifying an aligned commitment with Maybank to drive sustainable solutions adoption in the market, both parties said in a joint statement.
The collaboration is also expected to strengthen Maybank's sustainability goals, aiming to achieve a carbon neutral position of emissions by 2030 as well as a net zero carbon equivalent position by 2050.
As at December 2023, Maybank surpassed its sustainable financing targets, mobilising RM34 billion for the year, well ahead its 2023 target of RM16 billion, with a cumulative achievement of over RM68 billion, against the targeted RM80 billion by 2025.
Maybank Community Financial Services group chief executive officer Syed Ahmad Taufik Albar said the bank offers comprehensive solutions in green mobility and renewable energy.
"Embracing our purpose to Humanising Financial Services, we support our customers with a complete ecosystem: best-in-class, value-based offerings that is both within and beyond traditional banking," he added.
Gentari Green Mobility chief executive officer and Gentari deputy chief executive officer Shah Yang Razalli said energy transition requires diverse stakeholders to come together to make clean energy more accessible, sustainable and affordable.
"This 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," he said.
Maybank is setting the initiative in motion through the installation of charging points for electric vehicles (EV) and hybrid vehicles at its network of premises and branches nationwide, beginning with ten strategically chosen locations.
Having the widest network of direct current (DC) fast chargers in Malaysia, Gentari offers EV and hybrid vehicle owners in Malaysia access to over 335 charging points, including more than 100 DC fast chargers which enables rapid charging for EV and hybrid vehicles.
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.
Maybank Islamic InCharge is an EV pre-credit incentive programme for EV and Hybrid vehicle owners with Maybank Islamic Auto financing with credits useable at selected charging stations.
Additionally, Maybank SME customers will have access to consultancy and advisory services facilitation with Gentari as the clean energy industry expert in Maybank's myimpact SME Hub.