DBS becomes first Asian bank to adopt green shipping

It is through a partnership with DHL.

Banking giant DBS partnered with DHL express for a three-year GoGreen partnership.

The deal entails a DBS utilising via DHL GoGreen Climate Neutral Service for deliveries. This marks sees DBS as the first Asian bank to fully utilise the logistics company’s GoGreen offering.

The service allows DBS to send carbon-neutral shipments and provides the bank visibility into its carbon footprint. Using a DHL patented methodology, DHL Express will calculate and estimate the carbon dioxide emissions of every DBS shipment based on their weight and distance travelled.

Donna Trowbridge, Group Head of Procurement Services, DBS Bank said, “We believe that we have a role to play in promoting sustainable development, recognising that one of the things that uniquely defines us is our sense of purpose, which stems from our heritage as the Development Bank of Singapore. 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.”

In 2016, DBS’ carbon emissions across its offices and branches in six key markets namely Singapore, Hong Kong, China, India, Indonesia, and Taiwan fell by 4%.