Public Bank and Gamuda Land have signed an MOU to collaborate on property financing for green and sustainable development projects, under this agreement Public Bank created a Special Sustainable Financing Package to promote end-financing for green and sustainable development projects by the developer.
The package will cover residential and commercial projects that have received sustainability recognition from Green Building Index (GBI), GreenRE, and other accreditation bodies.
Public Bank’s Managing Director and Chief Executive Officer, Tan Sri Dato’ Sri Dr. Tay Ah Lek said this MoU symbolises advancement in the bank’s green growth journey.
“Public Bank Group has committed to achieving carbon neutrality by the year 2030 and net-zero by 2050. The Group is also committed to mobilise RM40 billion in ESG-friendly financing by 2025, including the financing of green-certified buildings,” Tan Sri Tay said during the signing ceremony.
The Public Bank Special Sustainable Financing Package to end-finance projects from Gamuda Land will feature favourable pricing, fast lane approval, and a financing option for customers to purchase eco-friendly and energy-efficient appliances, fixtures, and fittings to further enhance the sustainability of their green properties.
In highlighting the sustainability commitment of Gamuda Land CEO Mr. Ngan Chee Meng said that the Gamuda Green Plan (GGP) is a comprehensive framework charting tangible targets driven on the environment, social, and governance (ESG) dimensions for the next five years and beyond. The plan commits the group to specific steps to reduce direct and indirect greenhouse gas emission intensity by 30% in 2025 and 45% by 2030.
“Moving forward, all of Gamuda Land’s development locally and internationally will be green building certified. As such, it is indeed time for us to work together with like-minded partners like Public Bank, who believes in pushing the envelope with the green agenda,” said Mr. Ngan.
