DBS Financial institution and grocery store chain Sheng Siong have launched into a mission to help suppliers in adopting extra sustainable enterprise practices.
The initiative goals to achieve out to 1,000 small and medium-sized enterprises (SMEs) inside the Sheng Siong provide community over the subsequent two years, specializing in enhancing useful resource effectivity and reducing carbon emissions.
This collaboration marks the primary of its type between two SkillsFuture Queen Bee firms. The SkillsFuture Queen Bee programme, launched in 2020, helps SMEs in talent and workforce growth, facilitating development and transformation.
Tan Kok Yam, Chief Govt of SkillsFuture Singapore, praised the partnership for its potential to advertise sustainability within the wholesale and retail sectors, aligning with the broader aims of Singapore’s Inexperienced Plan 2030.
The sustainability programme tailor-made by DBS and Sheng Siong will cater to the varied wants of SMEs, providing each introductory workshops on sustainability fundamentals and superior options for greening operations. Areas of focus embody vitality effectivity, automobile electrification, and waste administration.
Moreover, DBS plans to increase sustainable financing choices at preferential charges to SMEs, alongside steering on accessing authorities grants aimed toward easing the transition to greener practices.
Koh Kar Siong
Koh Kar Siong, Group Head of Company and SME Banking, DBS stated,
“Funds 2024 underscored the federal government’s efforts to strengthen Singapore’s financial competitiveness, which incorporates accelerating SMEs’ adoption of inexperienced options and upskilling their labour pressure.
Corporations that don’t begin making this transition threat shedding out. DBS recognises that this journey of sustainability and upskilling shouldn’t be straightforward – smaller companies particularly want extra assist to navigate this journey.”
Lin Ruiwen
Lin Ruiwen, Govt Director, Sheng Siong stated,
“Collaboration is vital to unlocking a sustainable future. Sheng Siong is happy to accomplice with DBS and leverage their experience to additional assist our suppliers to upskill their workforce and develop capabilities to realize their sustainability endeavours.
By empowering our suppliers to function extra effectively and decarbonise their operations, we are able to collectively minimise the environmental influence of our provide chain. Collectively, we hope to construct a extra sustainable and resilient ecosystem, benefitting our communities and guaranteeing a greener tomorrow.”
Featured picture credit score: Edited from Freepik
