Our support towards impact and sustainability for the growth of MSMEs in Southeast Asia
Sustainability at Funding Societies Malaysia
At Funding Societies Malaysia, we believe that we have a role to conduct business responsibly and in line with the triple-bottom-line approach of sustainability. This means we aim to find a balance between economic, environmental, and social factors both within our internal operations as well as in our financing activities.
As a FinTech lending platform, we can create a positive impact through the MSMEs we choose to fund. We intend to increase the awareness and exposure of our MSMEs to topics of sustainability and responsible business practices. We have identified three key sustainability themes where we will prioritise our sustainability initiatives: Climate Change, Circular Economy and SDGs and Inclusion. We understand that we are all on a journey towards sustainability - some are more mature in their activities while others are only just starting up. Regardless of what sustainability stage SMEs are in, we want to support SMEs that are also making notable contributions in these areas.
Accessible financing opportunities for women entrepreneurs and MSMEs in the green economy
Empowering our female employees through our various programs initiated by our Inclusion, Diversity and Equity (IDE) team
Raising awareness about sustainability to our employees across the region by providing learning sessions and creating a resource centre they can access
Educating our stakeholders about the Sustainable Development Goals
FSMK Economic Impact Report | Of the 73 million MSMEs in Southeast Asia, around 39 million (51%) are either unserved or underserved by financing services- which led to a financing gap of US$272 billion, despite their potential MSMEs to provide significant employment opportunities and contribute tremendously to national Gross Domestic Product (GDP). Find out more about our regional impact study.
Funding Societies | Modalku is a signatory to the UN Global Compact to operate responsibly, in alignment with universal sustainability principles. We adhere to UNGC’s 10 principles covering the areas of labour, human rights, environment and anti-corruption, joining other global companies as frontrunners in sustainability.
Funding Societies | Modalku participated in the B20 Indonesia 2022 by being a member of the Finance and Infrastructure Task Force and the Women in Business Action Council in B20. Additionally, we have also pledged our support to the One Global Women Empowerment (OGWE) platform, WiBAC’s legacy program to support women entrepreneurs and women in the workforce.
We continually support women's empowerment for our strong and capable women working at Funding Societies | Modalku. This is a part of our initiative to create awareness for Inclusion, Diversity, and Equity. Some examples of the initiatives we have include a program dedicated to women in leadership; a campaign to call out and break bias in the workplace; and a workshop to empower women and underrepresented groups to speak openly about their accomplishments.
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Modalku Ventures Sdn Bhd 201601019329 (1190266X)
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Funding Societies is a SME Digital Financing Platform registered with Securities Commission Malaysia. It does not fall under the jurisdiction of Bank Negara Malaysia. Therefore, financing products of Funding Societies should not be constructed as business loan, SME loan, micro loan, term loan or any other loans offered by banks in Malaysia and it is to be deemed as an investment note as defined in the Guidelines on Recognised Markets.
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