Absa switched on what is described as the world's largest Light Emitting Diode (LED) display last night in Johannesburg, transforming the Absa Towers building in Johannesburg's CBD and making it an instantly recognisable icon in the city's skyline.
The screens - collectively dubbed Lumen - are bigger than those that make London's Piccadilly Circus and New York's Times Square instantly recognisable. Lumen features the most advanced LED technology used on this scale reportedly making it a world first.
Crowning the 29 storey-high building, each of the four giant LED screens is almost twice the size of a basketball court (40 metres long and 18 metres high), and can be seen from a radius of up to 1.5 kilometres from the ground and 2.5 kilometres in the air.
The technological innovation is an integral part of a wider ten-year inner city rejuvenation project that Absa has embarked on and shows its and the wider Barclays Group's commitment to the City of Johannesburg, as a leading centre for business on the African continent.
Lumen follows the development of Absa Towers West, a five star green-rated building that is the head office of Absa and Barclays Africa and is the latest step in the Group's regeneration programme.
The rejuvenation of the Absa campus will ensure an enhanced environment not only for customers and employees, but also for other businesses and entrepreneurs in the CBD. It will make a significant contribution to the city's 2040 growth and development strategy and its vision for a world class African City of the future
Bobby Malabie, Absa and Barclays Africa Group executive for marketing, communications and public affairs, says, "Africa is made up of some of the most dynamic and fastest growing economies in the world. Our investment in Lumen is a vote of confidence in Johannesburg as one of the leading cities on the continent. We have committed to building and running the Go-To bank in Africa and we believe that Johannesburg is the perfect base from which to do so.
"Lumen is a significant step in a ten-year project that will regenerate and revitalise the Johannesburg CBD and supports the group's fundamental value of stewardship. This value is underpinned by the notion that no matter which realm we are active in, we will always leave things better than we found them. Supporting this notion, Lumen will become a landmark that will not only be instantly recognisable in Johannesburg, but on the world stage.
"As we progress and grow our business across the 13 African countries that we have operations in, Lumen will become the beacon from which we will share our stories of how we are helping people achieve their ambitions - in the right way."
Carbon offset includes solar geyser contribution
Lumen employs energy-saving technology with LED tiles that boast the lowest power consumption in its class. To offset some of the carbon emissions on Lumen, the company is building one of the largest rooftop solar photovoltaic farms on top of Absa Towers North. To offset the remaining carbon emissions, it is also rolling out a programme run by Absa Insurance and EcoNavitas to subsidise solar geysers by 60% to more than 750 households. This is the first time a programme to subsidise solar geysers has been launched in South African and represents a community investment of about R3.85 million.
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