U Mobile converts banking facility of up to RM1.4b into sustainability-linked financing

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U Mobile converts banking facility of up to RM1.4b into sustainability-linked financing
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PETALING JAYA: U Mobile has converted its existing banking facility of up to RM1.4 billion into a sustainability-linked financing (SLF), reflecting th...

The U Mobile team setting up a solar hybrid-powered cell site at its telecommunication tower in Kimanis, Sabah.U Mobile has converted its existing banking facility of up to RM1.4 billion into a sustainability-linked financing , reflecting the telco’s commitment to its environmental and social responsibility agenda.

“U Mobile has enjoyed phenomenal growth in recent years and as a responsible corporate we are definitely gearing ‘Towards a Sustainable U’ – our sustainability promise. Hence, this latest move is a huge milestone as it highlights the kind of commitment we are making by incorporating the environmental and social responsibility agenda into our corporate policy,” said U Mobile chief financial officer Sandy Tsang.

CIMB Group wholesale banking co-CEO Novan Amirudin said, “As a financial institution that is committed to supporting our clients to promote sustainable development, we are pleased to work with U Mobile in their undertaking of the sustainability-linked financing.

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