Singapore’s OCBC Bank is investing over $18m (S$25m) to deploy energy-efficient technology and reduce its carbon emissions in Singapore, Malaysia, and Greater China.
To start, the bank’s regional data centre – which contributes 40% of the bank’s carbon emissions in Singapore – will implement a rack-based cooling system by the end of this year. This will reportedly see the facility’s emissions reduced by over 400 tonnes annually, equivalent to removing close to 400 cars from the roads.
OCBC Tampines Centre Two’s air-conditioning system will also be retrofitted to connect to SP Group’s district cooling network at the Tampines Town Centre. It is expected to be completed and operational in the first half of 2025.