OCBC Bank to incorporate MGTC’S LCOS into transition financing plan

KUALA LUMPUR: OCBC Bank (Malaysia) Bhd (OCBC Bank) is set to become the first financial institution in the country to formulate specific plans to help businesses decarbonise their greenhouse gas (GHG) emissions using Malaysian Green Technology and Climate Change Corporation’s (MGTC) online carbon management platform.

In a joint statement today, OCBC Bank and MGTC said they have inked an agreement to incorporate the agency’s Low Carbon Operating System (LCOS) into the bank’s transition financing plan for corporate and small and medium enterprise (SME) customers.