KUALA LUMPUR: Hong Leong Bank (HLB) has won Best Domestic and Islamic Bank for Sustainable Energy Financing 2024 at the National Energy Awards — its third win at the event.
The award recognises HLB’s strong progress in sustainable financing, including RM15.4bil in green building and affordable property financing, RM3.64bil in approved renewable energy financing, and RM1.4bil in green car loans as of December 2024.
The Bank has also cut its operational carbon emissions by 23% since 2019, in line with its 2050 net zero goal.
Managing director of business & corporate banking, Yow Kuan Tuck, said the award was a testament to the bank’s approach to sustainability as a value-adding asset for both its customers and the broader industry.
“Sustainability forms a fundamental part of our corporate banking strategy, firmly embedded in our organisational DNA through our brand value of being 'Here For The Long Term'.
"For us, sustainability is more than just a compliance necessity. We believe it is a strategic imperative, providing significant opportunities to optimise and fortify our value chains while stimulating capital allocation towards green projects which will drive the national shift to a net zero carbon economy.
“As a value-adding partner to our customers, we also see these green projects as a new horizon for investors and developers across industries, fostering broader engagement in the burgeoning green economy and unlocking substantial avenues for investment and sustained economic advancement.” Yow said in a statement.
