MOU Signing to Install PV Solar Panel System Across 135 Public Bank Branches as Part of Renewable Energy Drive
MALAYSIA (DEC 17): Public Bank and Jati Tinggi Group Berhad (Jati Tinggi) are pleased to announce that they entered into a Memorandum of Understanding (MOU), for Jati Tinggi (via its wholly-owned subsidiary namely Jati Tinggi Holding Sdn Bhd) to install photovoltaic (PV) solar panel system across 135 Public Bank branches, covering 333 lots of properties (Project).
This Project, valued at approximately RM14.880 million, will further accelerate Public Bank’s efforts to achieve carbon neutrality by 2030, with a broader target of net zero emissions by 2050, while strengthening its Environmental, Social, and Governance (ESG) initiatives as a whole.
Tan Sri Dato’ Sri Dr. Tay Ah Lek, Managing Director and Chief Executive Officer of Public Bank commented, “Public Bank is dedicated to leading by example in the financial sector by integrating sustainable practices into our operations. The installation of solar panel system across our branches represents a key component of our broader ESG strategy. We are delighted to join forces with Jati Tinggi, whose technical excellence ensures the success of this initiative. This project not only helps us reduce our carbon footprint but also supports our commitment to achieving our environmental goals.”
Managing Director of Jati Tinggi, Dato’ Seri Lim Yeong Seong said, “We are incredibly honoured to participate in this remarkable Project with Public Bank. This Project not only highlights our foray into renewable energy but also reinforces our commitment to leveraging our expertise for environmental sustainability. As we implement these solar solutions, we are excited to gradually enhancing sustainable practices within the banking sector and exploring further opportunities in solar energy.”
The solar panel system installation is expected to commence in early 2025, with a completion target set within three years. This initiative underscores both Public Bank and Jati Tinggi’s long-term strategy to be at the forefront of sustainable development in Malaysia.
