SEC partners Maybank Investment Bank to advance ESG agenda and sukuk programme
From left: Sabah Energy Corporation (SEC) CEO Datuk Adzmir Abd Rahman, SEC chairman Datuk Annuar Ayub and Maybank Investment Bank CEO Michael Oh-Lau.
KUALA LUMPUR: Sabah Energy Corporation Sdn Bhd (SEC) has reaffirmed its commitment to institutionalising ESG best practices through a 12-week roadmap to develop a fit-for-purpose Sustainable Finance Framework — a key step towards its inaugural sukuk programme.
SEC group chairman Datuk Annuar Ayub said in a satement the initiative is part of SEC's long-term dedication to responsible energy development, with a focus on balancing environmental sustainability, economic growth, and community well-being.
It will also support the establishment of the company's inaugural sukuk programme to finance green energy projects.
To facilitate this, SEC has appointed Maybank Investment Bank as its sole principal adviser, lead arranger, and sustainability structuring adviser for the sukuk and ESG framework.
The collaboration aims to establish a Shariah-compliant, sustainability-ready funding platform for the state's energy transition efforts.
'Sabah is at an inflection point in its renewable energy journey, with untapped potential in solar, bioenergy and geothermal. Maybank as a regional leader in Islamic debt capital markets and sustainable finance is partnering with SEC to establish a Shariah-compliant, sustainability-ready funding platform to support its energy transition efforts and direct capital towards developing the state's energy resources,' Maybank Investment Bank chief executive officer Michael Oh-Lau said in a statement.
SEC is also launching community-driven ESG initiatives, including an annual corporate charity run aimed at promoting community health and social impact.
The announcements were made during SEC's inaugural ESG Forum 2025, held at Menara SEC, where over 100 delegates from state agencies, financial institutions, and sustainability bodies gathered to explore collaborative pathways in ESG adoption across Sabah.
In his opening remarks, SEC group chief executive officer Datuk Adzmir Abd Rahman welcomed guests to Menara SEC, describing it as the corporation's new home and a symbol of progress.
Adzmir also highlighted SEC's responsibility to pursue responsible and forward-looking energy development — one that balances environmental stewardship, economic growth, and community well-being.
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