· AmBank Group reduces 90% of its carbon emissions generated indirectly from its electricity usage nationwide.
· Facilitated by TNB, the GET programme enables AmBank Group to offset its carbon emissions from electricity consumption with green energy.

KUALA LUMPUR, April 27 (Bernama) -- AmBank Group has adopted the Green Electricity Tariff (GET) Programme offered by Tenaga Nasional Berhad (TNB) in efforts to reduce its carbon footprint in electricity consumption. This comes in line with AmBank Group’s Sustainability Agenda.

Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group said, “We were the nation’s first financial institution to install solar photovoltaic (PV) panels on one of our buildings located at the Damansara Fairway 3. We have opted for the GET programme as an alternative to gain access to more renewable energy, due to the limitation of the rooftop design of our other premises. We will continue to explore and implement other energy management initiatives to further reduce carbon emissions and minimise environmental impact from our operations.”

With the GET programme, AmBank Group is expected to reduce its Scope 2 carbon emissions by approximately 90%. Among the green initiatives implemented are investing in energy-efficient infrastructures such as installing LED lighting system for its buildings and branches nationwide. 

“We applaud the commitment that AmBank Group has undertaken to proactively reduce its carbon footprint from its operations through the GET programme. In addition to receiving the internationally recognised Malaysian Renewable Energy Certificate (mREC), GET subscribers like AmBank Group are contributing towards the national green agenda to increase renewable energy generation to 31% by 2025,” said Datuk Ir. Megat Jalaluddin Megat Hassan, Chief Retail Officer of TNB.

Established by the Energy Commission, the GET programme is facilitated by TNBX Sdn Bhd, a wholly owned subsidiary of TNB. With mREC backing the GET programme, subscribers are assured that they are indirectly receiving eco-friendly energy sources like hydro and solar.

AmBank Group’s Sustainability Framework reflects its commitment to contribute to global sustainability goals and ensures that its strategies, activities and portfolio will consider environmental, social and governance (ESG) impact.

About AmBank Group
AmBank Group is a leading financial services group with over 40 years of expertise in supporting the economic development of Malaysia. We have over three million customers and employ over 9,000 people.
 
The Group was listed on the Main Market of Bursa Malaysia in 1988. It is the sixth-largest banking group by assets in Malaysia, with a market capitalisation of around RM9 billion and assets of RM170.2 billion as at 31 March 2021.
 
AmBank Group serves over three million individual and corporate customers. It provides services in wholesale banking, business banking, retail banking, investment banking and related financial services which include Islamic banking, general insurance, life insurance, family takaful, stock and share broking, futures broking, investment advisory and management services in assets, real estate investment trust and unit trusts.