AEON Credit Service (M) Berhad (“AEON Credit” or “the Group”) has secured a total of RM600 million in Sustainability-Linked Loans (SLLs) with three-year tenure for the first time with two Japanese banks and a local bank, namely Mizuho Bank (Malaysia) Berhad, MUFG Bank (Malaysia) Berhad and CIMB Bank Berhad.

The SLLs are recognition of the Group’s efforts in Environmental, Social and Governance (ESG) and the proceeds will be used for general working capital and refinancing purposes as well as to enhance its sustainability performance that contributes to the United Nations’ Sustainable Development Goals (SDGs).

Predetermined Sustainability Performance Targets (SPTs) in accordance with the Group’s existing sustainability framework are established for assessment purpose upon securing the said SLLs. AEON Credit will be incorporating the SPTs into the assessment of business and financial performance where interest rate adjustment is subjected to the achievement of the targets.

Mr Daisuke Maeda, Managing Director of AEON Credit, said “Securing the SLLs marks another milestone of the Group to continually strengthen our commitments towards ESG while creating long-term value for our stakeholders at where we operate.

As guided by the corporate philosophy of Pursuing Peace, Respecting Humanity and Contributing to Local Communities, we recognise the importance of embedding the sustainability elements into our business model and daily operations. We have set our commitments including to be the market leader for electric motorcycle financing, provide financial inclusion for micro enterprises, promote ESG education in school, while continue our efforts to work towards carbon neutral business and uphold good corporate governance practices.”