MDV has financed more than 100 green technology-related companies at a combined amount of RM1.34 billion
Malaysia Debt Ventures Berhad will continue to accelerate its efforts to support the growth of the green technology sector through improved and affordable access to financing for Micro, Small and Medium Enterprises (MSMEs).
It is in line with the 12th Malaysia Plan (12MP) to achieve the government’s green growth target from 2021 till 2025, which the Prime Minister recently tabled.
Implementing a “whole-of-nation” approach in which the financial services sector will contribute significantly in green or value-based capital to expedite the adoption of sustainable business practices.
The government’s emphasis on Green Growth is critical to ensuring that socioeconomic development is pursued more sustainably, which is essential to preserving natural resources, environmental protection, and raising the overall quality of life of Malaysians.
Khairul Azwan Harun, Chairman of MDV, said the comprehensive five-year plan with nine main focus areas offered strategic direction for the nation to achieve, among others, a sustainable economic growth trajectory, socioeconomic inclusivity and environmental sustainability.
Our reputation as one of the pioneers and leaders in green technology financing and our expertise in financing Renewable Energy (RE) and Energy Efficiency (EE) projects would be invaluable to the achievement of the green growth target under the 12MP.
“To date, MDV has financed more than 100 green technology-related companies at a combined amount of RM1.34 billion,” explained Azwan.
MDV will broaden its financing focus to include all technology sectors, specifically those swiftly growing in importance, such as agri-tech and med-tech, which reflects well for the 12MP’s aims.
MDV’s efforts include developing plans to attract more private funds into the market through the establishment of joint funds to finance technology start-ups in priority sectors with the potential to be transformed through technology adoption, such as fintech, agri-tech, and med-tech, to increase the start-ups’ funding capacity and success potential.
“With the 12MP being in motion, MDV is confident the economic outlook for the next five years will be positive and well-received by both the rakyat and the technology sector. It will be supported by MDV’s innovative funding solutions in achieving sustainable and profitable growth for the nation,” he added.