OCBC to use more energy-efficient systems as part of S$25 million effort to cut carbon footprint

SINGAPORE: OCBC Bank will rebuild its buildings and data centers with more energy-efficient technology as part of measures to reduce its carbon footprint.

The bank announced on Wednesday (May 25) that it will invest more than $ 25 million in CO2 reduction efforts in Singapore, Malaysia and China, which will reduce around 10,000 tonnes of carbon dioxide emissions over the next four years.

“This is equivalent to removing close to 10,000 cars from the road,” it said in a media release.

Among the initiatives, OCBC said its regional data center – which contributes 40 percent of the bank’s carbon dioxide emissions in Singapore – will implement a rack-based cooling system by the end of the year. Rack-based cooling enables “directional cooling” with the cooling units installed in closer connection to the servers.

“This will see the plant’s emissions reduced by over 400 tonnes annually, which is equivalent to removing close to 400 cars from the roads,” says OCBC.

The air conditioning system at OCBC Tampines Center Two will also be rebuilt to connect to SP Group’s district cooling network in Tampines Town Center. It was announced in April that Tampines will be the first district in Singapore with district cooling.

The bank also said it aims to achieve Green Mark certifications for all its retail branches by 2030. In April, four branches and eight buildings received these certifications, including the OCBC Campus in Tanjong Pagar.

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