In an effort to improve access to sustainable financing, Alliance Bank Malaysia Berhad (Alliance Bank or The Bank)  and Control Union Malaysia Sdn. Bhd. (CU) inked an Memorandum of Understanding (Mou) aimed at strenghtening ESG readiness amongst companies in sectors such as agriculture, manufacturing,logistic and other high emitting industries. 

Alliance Bank, is known for providing holistic sustainable propositions comprising financing and beyond banking solutions for client and the industry. This collaboration will serve to enhance the banks offerings with the help of CU, that provides third-party sustainability verification, certification, and ESG assessments. Under the agreemet, CU will act as a preferred service provider to deliver independent assurance and ESG readiness assessments in line with local and international standards.  

Together, the parties aim to promote greater awareness, capacity building, and higher adoption of sustainability practices. The collaboration also covers joint initiatives such as ESG coaching, training, and advisory support to help businesses, especially SMEs, enhance their readiness to access sustainable financing. 

The collaboration will further enhance the Bank’s offering through the Sustainability Impact Programme (SIP), adding value to its clients while contributing to the Bank’s growth in new sustainable business financing, with a target of RM17 billion by 2028, having achieved RM15.2 billion as of August 2025  

Highlighting some of the advantage of this collaboration, Alliance Bank’s Chief Sustainability Officer, Roy Heong said, “As the bank supports our client’s transition with our Sustainability Impact Program, we are committed to providing the advisory and sustainable financing solutions needed for this journey. This collaboration with Control Union will allow us to offer beyond banking solutions such as assessments and verifications needed to measure the positive climate impact through these projects.” 

Control Union Malaysia’s Managing Director, Supun Nigamuni, shared his aspiration on this partnership and said,  “Working with Alliance Bank allows us to create measurable impact by supporting businesses in meeting sustainability standards and accessing green financing opportunities.” 

Meanwhile, Peterson & Control Union Group, Chief Executive Officer of Johan Maris,  said, “This collaboration reflects our Group’s global commitment to advancing sustainable finance and supporting the transition towards more responsible industries. By combining Alliance Bank’s financial expertise with our independent assurance and sustainability verification, we are helping businesses in Malaysia not only access green financing but also build long-term resilience in a changing world.” 

About Control Union Malaysia  

Control Union Malaysia is a trusted provider of testing, inspection, and certification services, dedicated to supporting sustainable development across key sectors including agriculture, forestry, food, and energy. With a legacy rooted in the global Peterson and Control Union network, established over a century ago in the Netherlands. The company combines international expertise with local insight to help businesses meet rigorous standards and unlock global market opportunities. Control Union Malaysia is known for its integrity, technical excellence, and commitment to environmental and social responsibility. 

Operating from its headquarters in Klang, Control Union Malaysia plays a vital role in advancing sustainability in Malaysia through tailored certification programs, industrial inspections, and supply chain assurance. The company works closely with producers, processors, and financial institutions to promote responsible practices and build resilient, transparent value chains. For more information on this press release, please contact Tuan Amirudin at amirudin@controlunion.com 

About Alliance Bank Malaysia Berhad 

Alliance Bank is dedicated to offering differentiated financial and non-financial solutions across consumer, SME, corporate, commercial, and Islamic banking sectors. Embracing its ‘The Bank For Life’ brand purpose, Alliance Bank is committed to meeting the ever-evolving needs of its customers, serving as a dependable banking partner throughout their lifetime. 

With a vision of community-centric banking, Alliance Bank deeply engages with the community through an omni-channel approach. Customers can interact with Alliance Bank through an extensive network of retail branches, Privilege Banking Centres, Business Centres, and Digital banking services. The Bank aims to foster meaningful connections within the communities it operates in.  

For more information on this press release, please contact Najihah Sani at 03 2604 3166, or e-mail at najihah@alliancefg.com