Potential offtaker

Public Bank Berhad

www.publicbank.com.my

Estimated electricity consumption

N/A

Countries of production presence

N/A

Public Bank Berhad is a leading financial institution in Malaysia that operates in the retail banking sector. The bank has a strong presence in the country with over 300 branches and more than 1,800 ATMs. Public Bank Berhad has a reputation for providing innovative financial solutions to its customers, and it is committed to sustainability and decarbonisation.

The bank has recognised the importance of reducing its carbon footprint and has implemented several initiatives to achieve this goal. One of the key initiatives is the adoption of renewable energy sources. Public Bank Berhad has installed solar panels on the rooftops of its branches and offices, which generate clean energy and reduce the bank's reliance on fossil fuels. The bank has also invested in wind and hydroelectric power projects to further reduce its carbon footprint.

In addition to renewable energy, Public Bank Berhad has also implemented corporate energy management practices to reduce its energy consumption. The bank has conducted energy audits of its branches and offices to identify areas where energy efficiency can be improved. Based on the results of these audits, the bank has implemented energy-saving measures such as LED lighting, energy-efficient air conditioning systems, and motion sensors to reduce energy wastage.

Public Bank Berhad has also entered into corporate power purchase agreements (PPAs) with renewable energy developers to support the growth of the renewable energy sector in Malaysia. These PPAs enable the bank to purchase renewable energy directly from the developers, which helps to promote the development of renewable energy projects in the country.

The bank's commitment to sustainability is not limited to its own operations. Public Bank Berhad has also developed a range of sustainable financial products and services to help its customers reduce their carbon footprint. These products include green loans, which are designed to finance the purchase of energy-efficient equipment and renewable energy systems, and green bonds, which provide financing for renewable energy projects.

Public Bank Berhad's commitment to sustainability has been recognised by several industry awards. In 2020, the bank was awarded the Best Green Bank in Malaysia by Global Finance magazine. The award recognised the bank's efforts to promote sustainable finance and reduce its carbon footprint.

In conclusion, Public Bank Berhad is a leading financial institution in Malaysia that operates in the retail banking sector. The bank has a strong commitment to sustainability and decarbonisation, and it has implemented several initiatives to reduce its carbon footprint. These initiatives include the adoption of renewable energy sources, corporate energy management practices, and corporate power purchase agreements. Public Bank Berhad has also developed a range of sustainable financial products and services to help its customers reduce their carbon footprint. The bank's commitment to sustainability has been recognised by several industry awards, and it is a leader in promoting sustainable finance in Malaysia.

✓ Declared Net Zero commitment