10 May 17 The Business Times by SYARAFANA SHAFEEQ
DBS Bank has announced a three-year "go green" partnership with international express services provider DHL Express. It allows DBS international express shipments to be delivered via DHL GoGreen Climate Neutral Service from 2017 to 2019.
The GoGreen service is an eco-friendly solution which allows DBS to send carbon-neutral shipments and provides the bank visibility for its carbon footprint. "This landmark collaboration sees DBS as the first Asian bank to fully utilise the logistics company's GoGreen offering," said a joint statement. The DHL patented methodology calculates and estimates the carbon dioxide emissions of every DBS shipment based on weight and distance travelled.
These emissions are offset through reinvestments by the DHL carbon management programme, into global climate protection projects such as a biomass power plant in India and wind farms in the eastern and north-central regions of China.
Frank-Uwe Ungerer, senior vice-president and managing director, DHL Express Singapore, said: "As large global companies, we have the power to make huge waves not only in the economy but also in the well-being of societies and the environment. Hence, we are obligated to utilise business practices that ensure both quality of service and the future of our green environment."
DBS is the first bank in Singapore to achieve the Green Mark certification endorsed by the National Environment Agency for its branch network in Singapore.
Donna Trowbridge, DBS Bank's group head of procurement services, said: "Participating in this innovative initiative is another step we are taking to actively manage our carbon footprint, complementing ongoing efforts to cut our carbon emissions such as incorporating sustainable designs and practices into our offices and branches."
The DHL GoGreen policy is part of Deutsche Post DHL Group's commitment to contribute to the communities and regions in which the company operates. It announced its goal of reducing all logistics-related emissions to net zero by the year 2050.