Net Zero Transition Plan

Cement is the backbone of Malaysia’s infrastructure and growth, playing a vital role in the construction industry as a key ingredient in concrete. It is particularly crucial for developing nations such as Malaysia that are experiencing rapid urbanisation. Cement is however, one of the toughest sectors to decarbonise.

The Group understands that cement manufacturing is an energy-heavy industry and recognises the challenges that come with reducing emissions. This is why AmBank Group aims to support cement manufacturers, by helping them adopt cleaner production methods, boost energy efficiency, and explore new technologies such as Carbon Capture, Utilisation, and Storage (CCUS). We will continue to support customers in this sector, who have credible decarbonisation strategies and will regularly engage with customers to better understand their transition to lower-carbon business models. The Group will also encourage customers to develop and implement transition plans and set net zero targets with clear, time-bound milestones.