Green Climate Initiative (GCI), an industry-leading green technology accreditation organization, has awarded a Titanium+ Tier nod, a highest green certification, to Hong Leong Bank’s (HLB or the Bank) new data center. This accreditation comes as the Bank continues to execute its strategic ESG initiatives, working towards its goal of being carbon neutral by 2050.
In recent years, the Bank has gradually embedded ESG considerations throughout its business operations by implementing sustainability and environmental frameworks as part of its business strategy. The Bank’s new data center, which uses open-source, latest data governance architecture to enable real-time data processing, data mining, and in-depth analysis, was developed in line with the Bank’s overall ESG framework.
According to Domenic Fuda, Group Managing Director and CEO of HLB, climate change will remain the most profound generational challenge which the world faces today as well as a key emerging risk for financial institutions over the next few years, given the increased regulation, demands for transparency and the need for whole ecosystems to embrace the need for action now so that future impacts of climate change can be appropriately and effectively managed.
Fuda said that they take both a short-term, as well as a long-term view when it comes to addressing climate change by being steadfast in incorporating sustainability actions and policies into their daily operations and strategic initiatives.
“This certification from GCI is a testament to our commitment to putting sustainability at the core of our operations. We are proud to have the first Titanium+ tiered data facility in Malaysia,” said Fuda.
HLB’s new Data Centre is powered by Huawei Module Data Center which delivers simple and flexible deployment and expansion and most importantly, a self-optimization system that reduces energy consumption and carbon footprint.
Operationally, HLB has set the target of reducing greenhouse gas emissions by 15% to 25% by 2026, achieving net zero Scope 1 and 2 by 2030 and being carbon neutral by 2050.