In an attempt to reduce its carbon footprint, Overseas Chinese Banking Corporation (OCBC Bank) has come up with a slew of measures such as introducing an improved cooling system for its Singaporean data centre.
The bank is planning to invest a total of S $25 million (USD 18.1m) to decarbonise its spaces in Greater China, Malaysia, and Singapore.
From 2022, OCBC has undertaken steps to make itself carbon neutral, especially to curb carbon emissions during operation.
The $25 million investment will go to creating energy-efficient tech that can decrease the operation emission and installing solar energy panels in an effort to switch to renewable sources of energy for their operations. OCBC claims that these measures would decrease carbon emissions by 10,000 tons in the coming four years.
A complete rewiring with energy-efficient systems is taking place at OCBC’s data centres and buildings. A cooling system on racks will be introduced at the bank’s Singaporean data centre, which accounts for more than 40% of OCBC’s emissions.
Lin Khiang Tong, Group Chief Operating Officer at OCBC says that the bank is trying to align itself with the UN’s Latest Intergovernmental Report on climate change. He also believes that switching to a sustainable alternative is non-negotiable and urges everyone to take positive steps to protect future generations.
OCBC is planning to rework its air-conditioning system at its Tampines Center two buildings. They are also planning to get Green Mark certifications at all their retail offices within 2030.