CIMB Collaborates With Wild Asia To Accelerate Sustainable Palm Oil
25/03/2025 (Business Today) - CIMB Bank Bhd has signed a memorandum of understanding with Wild Asia Sdn Bhd to drive the transition toward more sustainable practices in the palm oil sector.
The partnership aims to strengthen supply chain transparency and uphold sustainability standards while driving greater accountability and responsible sourcing practices across the industry.
Through this partnership, CIMB will collaborate with Wild Asia to explore value added services to CIMB’s palm oil customers to accelerate the sustainability journey of their supply chain and potentially co-create sustainable finance solutions.
Through this programme, independent producers will be able to gain better market access and improve their livelihoods while supporting the broader transition to nature-positive sustainable palm oil production.
This can be achieved by reducing carbon intensity, measuring and managing greenhouse gas emissions and adopting regenerative agricultural practices to enhance yields with minimal environmental impact.
Commenting on the partnership, CIMB Group Group Chief Sustainability Officer Luanne Sieh said these offerings are tailored to the needs of the palm oil sector, offering critical support to foster long-term resilience in the face of evolving environmental regulations and market demands.
Wild Asia Founder and Executive Director Dr Reza Azmi said inclusive palm oil production is achievable by adopting regenerative practices.