When it comes to sustainability and innovation, implementing cutting-edge solutions and fostering collaboration across sectors is crucial and goes hand in hand.
Taking a step further towards Malaysia’s sustainability goals in support of the nation’s Zero Carbon 2050 vision, energy equipment and solutions provider Synergy ESCO Malaysia Sdn Bhd announced it has saved over 530 million kilowatt-hours (kWh) of electricity.
In a statement, the company said its Green Initiative Programme attracted 180 clients and deployed more than 600,000 Ultra High Energy Efficiency LED lights across various sectors, with the total energy saved estimated to be enough to power 1.5 million homes annually.
“The programme has also contributed to preventing 400,000 tonnes of CO2 emissions, equivalent to saving 10 million trees over the next decade.
“With energy savings of 72% and a lifespan of 34 years under daily use, these LED lights are revolutionising the market while significantly cutting down on electronic waste,” it added.
Meanwhile, the Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) announced a target of RM10 billion in sustainable financing and RM1 billion in green financing by 2030, as outlined in its Sustainability Roadmap 2.0.
Following the success of the Sustainability Roadmap 1.0, this seven-year plan aims to address climate-related risks and aligns with SME Bank’s long-term sustainability goals.
In the previous roadmap that operated from 2021 to 2023, it achieved an approved amount of RM5.89 billion in sustainable financing across key affirmative segments, contributing approximately 95% (Rm6.17 billion) of the bank’s total approvals for 2022 and 2023.
“The new roadmap is supported by innovative financing proposals, particularly a RM100 million Sustainability Fund announced in Budget 2025,” said SME Bank acting group president and chief executive officer Datuk Dr Mohammad Hardee Ibrahim.
The bank states that the Sustainability Roadmap 2.0 is divided into three phases, focusing on regulatory compliance, integrating sustainability practices into SME Bank’s operations and advancing sustainability initiatives for maximum impact and efficiency.
In a statement, the bank expressed its belief that the roadmap will gradually reduce fuel consumption and electricity emissions over the next seven years to achieve carbon neutrality 2030.
It includes seven targets linked to three sustainability pillars and four long-term goals, ensuring continuous monitoring of climate-related risks, which aligns with Bank Negara Malaysia’s (BNM) Climate Risk Management and Scenario Analysis (CRMSA) policy document.
The post Advancing Malaysia’s Green Future From Energy Conservation, Sustainable Financing first appeared on Energy Asia.