DBS, Keppel Ink MOU for Urban Sustainability in Asia
DBS Group Holdings Ltd
DBS and Keppel have signed a memorandum of understanding (MOU) to scale up sustainable urbanisation and digitalisation solutions in Asia jointly.
The collaboration will focus on India, one of DBS's fastest-growing markets, and will aim to accelerate the adoption of energy optimisation and sustainable solutions across energy-intensive sectors such as healthcare, hospitality, and commercial and industrial real estate.
The MOU is in line with the spirit of the recently concluded Business 20 (B20) dialogue in New Delhi, which focused on enabling Responsible, Accelerated, Innovative, Sustainable, and Equitable (RAISE) businesses to drive sustainable economic growth and development.
India is a key market for both DBS and Keppel. DBS has been operating in India for over 20 years and is one of the leading foreign banks in the country. Keppel has a long history of investing in India and a strong track record of delivering sustainable infrastructure projects.
The collaboration between DBS and Keppel will bring together the strengths of both companies to offer a comprehensive suite of solutions to help businesses in India transition to a more sustainable future.
Keppel will provide its expertise in energy efficiency, renewable energy, and digitalisation, while DBS will offer financing solutions to help businesses overcome the upfront costs of investing in sustainable technologies.
The MOU is a significant milestone in the efforts of DBS and Keppel to promote sustainable development in Asia. The collaboration is expected to play a crucial role in helping businesses in the region reduce their environmental impact and improve their bottom line.
Here are some of the key benefits of the collaboration:
It will help businesses in India accelerate the adoption of energy optimisation and sustainable solutions.
It will give businesses access to financing solutions to help them overcome the upfront costs of investing in sustainable technologies.
It will help businesses improve their environmental impact and reduce their carbon footprint.
It will create jobs and boost economic growth in India.
The collaboration is a win-win for both DBS and Keppel, as well as for the businesses and communities in India. It is a significant step towards a more sustainable future for Asia.
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Source: DBS
