Synergy ESCO, an energy-saving solutions provider and a subsidiary of Hong Kong-listed Unity Group Holdings International Limited, has reached a major milestone in its Malaysian operations. The company has formed a strategic partnership with Malayan Banking Berhad (Maybank), Malaysia’s largest financial institution, securing RM 50,000,000 ($11.4 million) in bank facilities for its nationwide portfolio of Environmental, Social, and Governance (ESG)-aligned energy efficiency projects.
This partnership reinforces Unity Group’s commitment to expanding its presence in Malaysia, enhancing the delivery of energy-efficient solutions to strata and commercial properties, and promoting environmental sustainability alongside the Malaysian government.
“We are thrilled about the prospects that this collaboration with Maybank, the largest bank in Malaysia, presents. This partnership endorses our ESG footprints in Malaysia and makes meaningful financial support to “turbo-charge” our implementation of efficient and sustainable energy solutions to our clientele and the environment,” said Mansfield Wong, Chairman and Chief Executive Officer of Unity Group.
Lyana Jessie Lim, Client Coverage Managing Director, Maybank said, “We anticipate that this first batch of funding will enable the Unity Group to expand its services to a broader range of stratified and commercial buildings across the nation.”
She added, “This collaboration marks a significant milestone in advancing sustainable development goals and demonstrates both the Unity Group and Maybank’s dedication to driving positive change in Malaysia’s energy landscape, aligned with the Bank’s Myimpact commitment to reinforce and expand values-based and sustainable solutions in our offerings”.
The partnership was first announced at Synergy ESCO’s “The Rise of Green ESG” event, attended by representatives from Maybank, Selangor Housing and Property Board (LPHS), Subang Jaya City Council (MBSJ), and Ampang Jaya Municipal Council (MPAJ).