Maybank has taken a significant step in accelerating Malaysia’s digital and sustainability agenda by spearheading a major financing initiative in Johor. The bank is leading a RM2.5 billion financing package dedicated to funding the development of state-of-the-art green data centres within the state.
This substantial investment underscores the growing importance of digital infrastructure and the critical need for sustainable practices in supporting the nation’s economic growth. The financing targets green data centre projects, which are designed to operate with higher energy efficiency and incorporate renewable energy sources, aligning with global environmental, social, and governance (ESG) goals.
The move positions Johor as a key hub for data centre development, leveraging its strategic location and infrastructure capabilities. By facilitating the funding for these green facilities, Maybank is playing a crucial role in attracting investment, fostering innovation, and creating a more resilient digital economy. This initiative is expected to significantly boost the deployment of high-performance computing and cloud services, essential for various industries in Malaysia and the wider region. The focus on sustainability ensures that this digital expansion occurs responsibly, contributing to a lower carbon footprint for the burgeoning data centre sector. This transformative financing is a clear indicator of the commitment towards a sustainable digital future.
Source: https://datacenternews.asia/story/maybank-leads-rm2-5-billion-green-data-centre-financing-in-johor
