KUALA LUMPUR: Jati Tinggi Group Bhd, via wholly-owned Jati Tinggi Holding Sdn Bhd, will install photovoltaic (PV) solar panel systems at Public Bank Bhd branches in a project valued at around RM14.88 million.
The company signed a memorandum of understanding with Public Bank to implement the solar panel systems across 135 branches, encompassing 333 properties.
The installation is scheduled to begin in early 2025, with completion expected within three years.
"This project will further accelerate Public Bank's efforts to achieve carbon neutrality by 2030, with a broader target of net zero emissions by 2050, while strengthening its environmental, social, and governance (ESG) initiatives as a whole.
"This initiative underscores both Public Bank and Jati Tinggi's long-term strategy to be at the forefront of sustainable development in Malaysia," it said.
Jati Tinggi managing director Datuk Seri Lim Yeong Seong said the project not only marks its entry into renewable energy but also underscores its dedication to utilising its expertise to promote environmental sustainability.
"As we implement these solar solutions, we are excited to gradually enhance sustainable practices within the banking sector and explore further opportunities in solar energy," he said.
Public Bank managing director and chief executive officer Tan Sri Datuk Seri Dr. Tay Ah Lek said the bank is dedicated to leading by example in the financial sector by integrating sustainable practices into its operations.
"The installation of solar panel systems across our branches represents a key component of our broader ESG strategy.
"We are delighted to join forces with Jati Tinggi, whose technical excellence ensures the success of this initiative. This project not only helps us reduce our carbon footprint but also supports our commitment to achieving our environmental goals," he added.