OCBC Malaysia wins special award for sustainable energy financing at National Energy Awards

(From left) Deputy Energy Transition and Water Transformation Minister Akmal Nasrullah Mohd Nasir, OCBC Malaysia investment banking assistant vice-president Azrin Abdul Aziz, Deputy Prime Minister cum Energy Transition and Water Transformation Minister Datuk Seri Fadillah Yusof, OCBC Malaysia investment banking executive director Shafiq Sheikh Mohamed and the ministry’s secretary-general Datuk Mad Zaidi Mohd Karli at the National Energy Awards (NEA) 2023.

KUALA LUMPUR: OCBC Bank (Malaysia) Bhd and its Islamic banking subsidiary OCBC Al-Amin Bank Bhd (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.

OCBC Malaysia managing director, senior banker and investment banking head Tan Ai Chin 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, the bank 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 Energy Transition and Water Transformation Ministry, 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).