OCBC to invest over S$25 million in decarbonisation efforts

OCBC will invest more than S$25 million (nearly RM80 million) in its operations in Singapore, Malaysia and Greater China in a bid to reduce its carbon footprint. The investments will be used to deploy energy-efficient technology and solar energy systems. It is expected to cut around 10,000 tonnes of carbon emissions within the next four years, equivalent to removing some 10,000 cars from the road. It will also retrofit its managed buildings and data centres with more energy-efficient technologies, like solar energy systems for nine of its buildings across Singapore, Malaysia and Greater China by 2024.