These initiatives are expected to help bring down energy consumption of eligible businesses by 25% to 40%.
In a statement, the bank said Sedania would bear the cost of initial outlays and provide advice to eligible Alliance Bank and Alliance Islamic Bank SME customers on office or building upgrades, which includes energy efficient smart air-conditioning, smart controllers and lighting solutions.
As part of the programme, only a portion of the cost savings will be paid to Sedania over a five-year period. Additionally, through the Energy Performance Contract , Alliance Bank and Alliance Islamic Bank SME customers will also receive a certified report card on its energy efficiency level without any payment.
“By partnering with Sedania, we can take the lead within the banking industry as an ESG enabler, allowing us to better serve our SME customers by providing fast, convenient and personalised solutions that meet their growing financing and ESG-compliance needs,” he said.
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