Achieving sustainability is a shared responsibility that requires collaboration across industries and borders, said Baiduri Bank Chief Executive Officer Ti Eng Hui.
He said this during a signing ceremony marking the bank’s United Nations Global Compact (UNGC) membership yesterday.
He added, “Through the UNGC, we look forward to working alongside global leaders, sharing best practices, and collectively addressing the challenges we face in building a sustainable future.
“Sustainability has always been part of how we operate at Baiduri Bank. From our Green Mark-certified headquarters to our pioneering efforts in technology adoption and sustainable financing, we are committed to driving progress across our People, Process, and Planet pillars,” he said. Representatives from the UNGC Network Malaysia and Brunei, including Executive Director Faroze Nadar, Head of Member Relations Tan Zhi Ying and Member Relations Lead Nur Aisya, highlighted the importance of UNGC’s collaborative platform in advancing sustainable development.
“As part of our growing network, Baiduri Bank is well-positioned to collaborate with like-minded organisations and foster a shared vision for a more sustainable future,” said Faroze Nadar.
Baiduri Bank has made sustainability a central part of its mission, driven by a commitment to creating a positive impact for future generations. Since 2010, the bank has implemented significant changes, starting with the virtualisation of its computer servers. Now, 95 per cent of its workload operates virtually, supported by cloud services like Microsoft 365 and a new core banking system set to launch soon. These advancements have improved efficiency, reduced energy consumption, and optimised resources.
The bank has also invested in energy-efficient data centres at its headquarters and Jerudong backup site. Efforts to reduce paper usage through online banking and e-statements have resulted in a 70-per-cent decrease in paper consumption. Other initiatives include free electric vehicle charging stations and biodegradable debit and credit cards, further highlighting its commitment to sustainability.
In 2023, the bank established a Sustainability Committee to integrate sustainable practices across its operations, ensuring alignment with global standards. The following year, a Materiality Assessment identified key priorities under a strategy focusing on people, processes and the planet. Baiduri Bank also plans to appoint its first Head of Sustainability in 2025. This role will guide the bank’s sustainability roadmap, encourage collaboration with stakeholders, and ensure that sustainability remains at the heart of its operations.
The bank’s corporate social responsibility programme plays a vital role in supporting these efforts through initiatives such as financial literacy campaigns, environmental conservation projects, and support for local micro, small and medium enterprises.
