Sunway Healthcare Group Establishes Sustainability Financing Framework, Aims to Expand Access to Healthcare Across Malaysia
Sunway Healthcare Group (SHG), one of Malaysia’s leading healthcare providers, has taken a significant step forward in its sustainability journey with the establishment of its Sustainability Financing Framework. The Framework will enable SHG to issue Sustainability Sukuk under its RM5.0 billion Sukuk Wakalah Programme, allowing the company to finance eligible projects, such as opening new hospitals across Malaysia, to provide more communities with access to high-quality healthcare.
Maybank Investment Bank played a crucial role in the establishment of the Framework, acting as the sole sustainability structuring advisor and sole principal adviser, lead arranger, and lead manager for the Sukuk Wakalah Programme.
Dato’ Lau Beng Long, President of SHG, emphasised the company’s commitment to sustainability, noting that “Sustainability sits at the core of Sunway’s DNA and the healthcare division works towards supporting the United Nations Sustainable Development Goals (UN SDGs), especially in the areas of quality healthcare, community outreach, talent diversity and green efforts.”
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He went on to highlight SHG’s efforts to raise the standards of healthcare in the ASEAN region and push the frontiers of clinical excellence and technological capability to support the healthcare goals of the nation.
Meanwhile, Dato’ Fad’l Mohamed, CEO of Maybank Investment Bank, underscored the importance of companies establishing strong sustainability foundations and clear roadmaps to tap into the capital markets as ESG requirements become entrenched by regulators and investors alike. Maybank’s expertise in sustainable finance allowed them to support Sunway Healthcare’s sustainability ambitions effectively.
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Sunway Healthcare’s Sustainability Financing Framework has been accorded the highest rating of “Gold” in the Impact Bond Assessment by Malaysian Rating Corporation Berhad (MARC), and is in compliance with various sustainability and responsibility investment frameworks, including the Securities Commission Malaysia’s Sustainability and Responsibility Investment Sukuk Framework and the ASEAN Capital Markets Forum’s Green, Social and Sustainability Bond Standards.
Sunway Healthcare operates a network of hospitals and ancillary services across Malaysia, and plans to expand further with hospitals in Sunway Kota Damansara (Selangor), Iskandar Puteri (Johor), Ipoh (Perak), Kota Bahru (Kelantan), and Paya Terubong (Penang). This growth will make Sunway Healthcare one of the largest healthcare organisations in Malaysia, with a total bed capacity of more than 3,000 across its network of hospitals.
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