OCBC Bank offers energy calculation tool to help SMEs access green loans

OCBC Bank managing director & head of wholesale banking Jeffrey Teoh (left) and managing director of emerging business programme management Rachel Teoh (right) unveiled how the SMEEA certificate will look at the OCBC booth during the recent IGEM 2024.

KUALA LUMPUR: OCBC Bank (Malaysia) Bhd (OCBC Bank) is introducing the innovative SME Energy Efficiency Assessment (SMEEA) tool to Malaysian SMEs, allowing them to evaluate their property's energy usage as part of their journey towards obtaining a green loan.

In a statement, OCBC Bank said the tool, developed by the Building and Construction Authority of Singapore (BCA), is now used in several markets where the OCBC Group operates. It makes the transition to sustainability simpler with easier access to green loans.