- The Special Sustainable Financing Package forms part of Public Bank’s green initiatives to encourage individuals and businesses to reduce their carbon footprint and pursue sustainability.
- The package covers the financing of residential and non-residential properties under the bank’s Green 5HOME Plan and Green SWIFT Plan, respectively.
SHAH ALAM (Aug 26): Eco World Development Group Bhd (EcoWorld) and Public Bank Bhd signed a memorandum of understanding (MOU) today to provide green and sustainable development financing.
With this MOU, Public Bank will offer its Special Sustainable Financing Package for customers to purchase properties developed by EcoWorld which have attained green certifications from Green Building Index, GreenRE and other accreditation bodies, according to a statement by the developer.
The Special Sustainable Financing Package forms part of Public Bank’s green initiatives to encourage individuals and businesses to reduce their carbon footprint and pursue sustainability.
The package covers the financing of residential and non-residential properties under the bank’s Green 5HOME Plan and Green SWIFT Plan, respectively.
Features include preferential pricing, fast lane approval and a financing option for customers who wish to purchase eco-friendly and energy efficient appliances, fixtures and fittings to enhance the sustainability elements of their properties.
“Today's occasion is most meaningful as it marks the collaboration between Public Bank and EcoWorld to bring positive changes to the planet. It also presents a good opportunity for Public Bank and EcoWorld to jointly promote the green building agenda and be part of the global climate solution for a sustainable planet,” said managing director and chief executive officer of Public Bank, Tan Sri Dr Tay Ah Lek.
Tay added that in addition to a commitment to achieve carbon neutrality by 2030 and net zero by 2050, Public Bank will be mobilising RM40 Billion in ESG friendly financing by 2025, including making green building financing more accessible to customers.
“This MOU signing is a step in the right direction as EcoWorld is addressing the sector’s climate impact through the conceptualisation, design and construction of many sustainable projects in the country, including in Klang Valley, Johor and Penang. EcoWorld’s vision of ‘Creating Tomorrow & Beyond’ encapsulates its core value of pursuing sustainability in its business strategies and development projects.
Meanwhile, President & CEO of EcoWorld, Datuk Chang Khim Wah said that Public Bank is “certainly making good” its pledge to be a catalyst for meaningful change as part of its efforts to reach netzero by 2050.
“We are delighted to work together with Public Bank to encourage our mutual customers to embrace sustainability in their lifestyles, homes and business premises. The need to take proactive steps to combat climate change has never been more urgent. With Public Bank as our partner, it is easier and more affordable for customers now to own a green-certified property,” said Chang.
“On our part, we will continue to pursue sustainable development, promote green living and invest in green-certification for our projects. This is a commitment we made since we first established the EcoWorld brand and to date, close to 90% of our projects are green accredited,” he added.
“From an environmental, economic as well as societal standpoint, Eco Grandeur, Eco Business Park V (EBP V) and Laman Haris (Settler Home Precinct) represent EcoWorld’s most comprehensive expression of our sustainability aspirations to date. It has been a rewarding journey thus far seeing so many things come to life here.
“As a developer, our greatest desire is to create outstanding living, working and recreational spaces that will positively impact lives and livelihoods and deliver value to all our stakeholders for generations. We could not have done this without the unstinting support of our partners like Public Bank that have given us the opportunity to realise our dreams and soar even higher,” said Chang.