SDG 7 – Affordable and clean energy
Relevant SDG targets
7.2 By 2030, increase substantially the share of renewable energy in the global energy mix.
7.3 Double the global rate of improvement in energy efficiency by 2030.
OCBC Al-Amin Bank Bhd was the lead arranger and joint bookrunner of Edra Solar Sdn Bhd's Sustainable and Responsible Investment (SRI) Sukuk for the operation of a 50MWac solar power plant in Kedah – the very first ASEAN Sustainability SRI Sukuk in Malaysia. A 40-acre (more than 15% of the plant land area) buffer zone surrounding the plant has also been allocated to the local community for the farming of pineapple and other crops. This is a pioneering example of how environmental and social factors (in this case, renewable energy generation and community development) can be combined in a single sustainable project.
Retrofitting our buildings to improve energy efficiency and exploring renewable energy use opportunities.