AmBank Group Ties With Renewable Energy Players, Reaffirms Its Commitment Towards Its Sustainable Journey

AmBank Group has partnered with Armani Energy Sdn Bhd and Nestcon Sustainable Solutions Sdn Bhd – two companies that are amongst the leading players in renewable energy, to supply solar panels to AmBank’s customers. This partnership further complements the Group’s ESG journey by promoting the adoption of green technological advances for greater efficiencies and growth for the Bank’s customers.

“The partnership marks a significant milestone for the Group in upholding our commitment towards ESG practices, and AmBank is indeed proud to welcome Armani and Nestcon on board as our partners in gearing towards providing sustainable energy solution to the businesses out there. We are looking at empowering our customers towards renewable energy in sustaining their business premises, particularly given the long-term economic and environmental benefits,” said Dato’ Sulaiman Mohd Tahir, GEO, AmBank Group.

Under this synergy, AmBank is providing a financing scheme for up to 50MW to its current solar panel partners, namely, Armani and Nestcon, whereby they will offer free solar system installation packages exclusively to AmBank customers and enable them to enjoy cheaper tariffs for future usage.

“Armani Group prides ourselves as the forefront in revolutionizing businesses through constant application of innovative sustainable solutions in our various core segments such as construction, property development, furniture, and plantations. Armani Energy Sdn Bhd, being the Group’s latest venture in renewable energy, is proud to be the selected partner by AmBank Group to provide free solar system installation packages to its esteemed clients. Armani Group envisioned dynamic integration of renewable energy to every aspect of our lives as we anticipate widespread adoption in the very near future. Here, we are pleased to inaugurate this ESG initiative with AmBank, forging great synergy in aligning our endeavours together in promoting a sustainable future,” said Dato’ Seri Bryan Wong Sze Chien, Group Executive Chairman, Armani Group.

“We are excited to collaborate with AmBank to pursuit our expansion plan into the renewable energy sector. Through the collaboration, it will unlock a new robust revenue stream that rides on the rising demand for solar energy across Malaysia. This is aligned with our strategic intent in building a sustainable earnings portfolio that provides economic, environmental and social benefits,” said Datuk Ir. Dr. Lim Jee Gin, Group Managing Director, Nestcon Berhad.

Both companies, along with AmBank Group have penned a Memorandum of Understanding (MoU) in a virtual signing ceremony which was held on March 1. The MoU was signed by Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group, Dato’ Sri Bryan Wong Sze Chien, Group Executive Chairman of Armani Group and Datuk Dr. Ir. Lim Jee Gin, Group Managing Director of Nestcon Berhad.

Previous articleStronger Loan Growth Makes CIMB Attractive
Next articleedotco Enters Indonesian Market With The Acquisition of 1000 XL Axiata Network Towers


Please enter your comment!
Please enter your name here