OCBC Malaysia wins Special Award for Sustainable Energy Financing for fourth year
OCBC Bank (Malaysia) Berhad and its Islamic banking subsidiary OCBC AlAmin Bank Berhad (collectively known as OCBC Malaysia) have again been recognised for their commitment to sustainability by winning the Special Award for Sustainable Energy Financing under the Foreign Bank category at the National Energy Awards (NEA) 2023.
The award, won by the Bank for the fourth consecutive year, is in recognition of OCBC Malaysia’s proactive role in facilitating the growth of Malaysia’s sustainable energy sector through its effective financial solutions that encourage and incentivise sustainable best practices.
This solidifies OCBC Malaysia’s position as a leader in spearheading the sustainability agenda in the banking industry.
Tan Ai Chin, managing director, senior banker and head of investment banking, OCBC Malaysia said, “We are honoured to be recognised for our efforts in sustainable energy financing.
“Leveraging our expertise and extensive network, our primary focus is on supporting our clients in their transition towards a greener and more sustainable future.
“We allocate resources to build a net-zero future through the provision of innovative sustainable solutions.
“This win marks the fourth consecutive year that OCBC Malaysia has received the Special Award for Sustainable Energy Financing since the award category was introduced in 2020.
“It is a testament to our commitment to a sustainable and resilient future. For now, and beyond.”
In addition to this award, OCBC Malaysia also won the Sustainable Infrastructure Award by ESGBusiness Awards in November 2023. These accolades further underline the Bank’s efforts in driving sustainable development and promoting environmental stewardship in Malaysia.
Spearheaded by the Ministry of Energy Transition and Water Transformation, the NEA recognises the adoption of sustainable energy concepts and practices for Malaysia’s business organisations across all industries and sectors.
It is consistent with Malaysia’s goal of achieving net-zero in greenhouse gas (GHG) emissions by 2050, as pledged at the United Nations Framework Convention on Climate Change’s 26th Conference of the Parties (COP26).