Potential offtaker

Hong Leong Bank Berhad

www.hlb.com.my

Estimated electricity consumption

N/A

Countries of production presence

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Hong Leong Bank Berhad is a leading financial institution in Malaysia that operates in the retail banking sector. Founded in 1905, the bank has a long history of providing innovative financial solutions to its customers. Over the years, the bank has grown to become one of the largest banks in Malaysia, with a strong presence in both the retail and commercial banking sectors.

As a responsible corporate citizen, Hong Leong Bank Berhad is committed to promoting sustainable development and reducing its carbon footprint. The bank has implemented a number of initiatives aimed at decarbonising its operations and reducing its energy consumption. These initiatives include the use of renewable energy sources such as solar power, as well as the adoption of energy-efficient technologies and practices.

One of the key initiatives that Hong Leong Bank Berhad has implemented to reduce its carbon footprint is the use of corporate power purchase agreements (PPAs) for renewable energy. Under these agreements, the bank purchases renewable energy directly from renewable energy providers, thereby reducing its reliance on fossil fuels and promoting the use of renewable energy sources. This approach not only helps to reduce the bank's carbon footprint but also helps to support the growth of the renewable energy sector in Malaysia.

In addition to its use of corporate PPAs, Hong Leong Bank Berhad has also implemented a number of other initiatives aimed at reducing its energy consumption and promoting sustainable development. These initiatives include the use of energy-efficient lighting and air conditioning systems, the implementation of recycling programs, and the promotion of telecommuting and other flexible work arrangements.

Overall, Hong Leong Bank Berhad is a leader in the retail banking sector in Malaysia, with a strong commitment to promoting sustainable development and reducing its carbon footprint. Through its use of renewable energy sources and energy-efficient technologies, the bank is helping to create a more sustainable future for Malaysia and the world.

✓ Declared Net Zero commitment