DBS Bank India has partnered with Climes, a leading climate finance company, to make all BusinessClass foundED events carbon-neutral in line with its commitment to responsible business practices.
foundED, hosted in partnership with Headstart Network Foundation, is the bank’s flagship initiative to celebrate and encourage innovative entrepreneurship. foundED aims to educate entrepreneurs through a series of networking sessions with startup founders, venture capitalists, incubators, and other ecosystem players.
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Commenting on the partnership, Shoma Narayanan, Managing Director, and Head of Group Strategic Marketing & Communications at DBS Bank India, said, “DBS Bank India continues to lead by example by adopting responsible business operations and making a conscious effort to manage our environmental footprint. As purpose-led and innovative businesses are key to tackling pressing climate issues, integrating such partners into our operations allows us to mitigate the carbon footprint of our events. This also gives us a platform to educate our attendees, partners, and customers on making climate-conscious choices.”
This partnership allows the bank to measure the carbon emissions from each foundED event using Climes’ carbon neutral event calculator. Once the emissions are calculated, DBS Bank India will neutralise them by encouraging event attendees to select the carbon avoidance and removal projects they want the bank to support. Attendees can choose from reforestation, agroforestry, and climate-smart agriculture projects in India.
Anirudh Gupta, co-founder of Climes, added, “We are pleased to partner with a Gen-C (Generation-Climate) champion like DBS Bank India. The bank is setting a benchmark with its holistic approach to sustainability. We focus on climate action by collaborating with businesses and helping them adopt our tech-based products to effectively manage their environmental impact. Our goal is to make sustainability an engaging and rewarding experience for all stakeholders, accelerating our collective climate impact.”
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia, and South Asia.
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