MCB increases sustainable finance commitment to Rs 25 billion

This expansion is part of the Group's ESG strategy, aiming to support clients in projects with positive environmental and social impacts. MCB offers a range of sustainable finance solutions, including Green Loans for individuals, the Lokal is Beautiful Scheme for Small and Medium Enterprises, Sustainable Loans, Green Leases, Sustainability-Linked Loans, advice on sustainable bond issuance, and Sustainable Trade Finance Solutions. To ensure consistency and transparency, MCB established a Sustainable Finance Framework in 2024, which outlines eligibility criteria, evaluation processes, and monitoring mechanisms for its sustainable financing activities.

Since the launch of this financing line in 2023, nearly Rs 10 billion has been disbursed, contributing to tangible benefits such as avoiding approximately 34,000 tons of CO2 emissions and installing 21.1 MW of renewable energy capacity. Projects supported span green buildings, renewable energy, energy efficiency, water and wastewater management, circular economy, climate change mitigation and adaptation, and social initiatives like healthcare access and cultural heritage preservation. Aldo Sydonie, Head of Mauritian and Regional Corporates, MCB, stated that sustainable finance is a necessity, reflecting growing demand from busine