KUALA LUMPUR: OCBC Al-Amin Bank Bhd has won the Special Award for Sustainable Energy Financing (Islamic Financing) at the National Energy Awards (NEA) 2021.

       NEA, initiated in 2018 by the Minister of Energy and Natural Resources, recognises the proponents of energy-efficient technology and renewable energy who play a vital role in driving Malaysia’s sustainable development agenda forward.

       In a statement, OCBC Al-Amin chief executive officer Syed Abdull Aziz Syed Kechik said the award was a testament to its relentless effort to provide outstanding green and renewable energy project financing solutions to its corporate customers.

       “OCBC Al-Amin has emerged as a market leader in renewable energy financing, particularly for large scale solar and rooftop solar projects, thanks to a journey that started to accelerate from 2015 onwards with the dawn of the Paris Agreement and the establishment of the United Nations Sustainable Development Goals (UN SDGs). In addition to contributing to the country’s sustainability agenda, our initiatives are consistent with UN SDG #6 – to increase access to affordable and clean energy.

       “We are pleased to receive this award in recognition of our drive to achieve the highest standards of sustainable financing. The theme of our initiative was OCBC’s sustainable financing journey, which details how we as a financial institution have responded to ever-evolving ESG considerations to ensure that our business remains resilient and value-accretive for our stakeholders. We will continue fruitfully in the journey ahead,” he said.

       The OCBC Group has set a target of achieving a S$25bil sustainable financing portfolio by 2025.

       OCBC Al-Amin is also poised to strengthen its Value Based Intermediation (VBI) to an altogether new level with more sustainability-linked and green financing projects slated for this year.