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Singapore, 4 October 2023 – DBS and Univers, formerly known as Envision Digital, the global decarbonisation software leader headquartered in Singapore, today announced a Memorandum of Understanding (MOU) to accelerate the adoption of affordable digital solutions to improve carbon measurement and tracking in order to drive Asia’s energy transition. Under the MOU, DBS’ sustainable financing facilities and Univers’ digital capabilities offer a one-stop solution to support companies, especially small and medium enterprises (SMEs), in their decarbonisation efforts.
As a purpose-driven bank, DBS was one of the first industry movers to support SME customers in building their sustainability priorities. In 2022 alone, DBS disbursed S$100 million in green financing schemes for SMEs, including green renovation financing.
Meanwhile, Univers is one of the world’s leading providers of end-to-end enterprise energy and carbon management solutions. Powered by Artificial Intelligence and Internet of Things technology, (its proprietary EnOS™ Ark software provides a single source of data to track, measure and optimise emissions, which in turn helps to manage and improve operational efficiency. Univers’ system currently connects over 220 million smart devices and 550 gigawatts of energy assets globally.
By leveraging Ark, DBS will be able to catalyse its net zero commitment by helping its SME customers obtain a more accurate and comprehensive understanding of their baseline carbon footprint. The partnership will also help to highlight emission hotspots in supply chains and identify abatement levers to transition to more sustainable business models.
Both parties will also collaborate to identify cloud partners across the region to accelerate adoption of the platform. Pilot tests will commence with DBS’ SME clients in Hong Kong, India, Mainland China, and Singapore. Kicking off in sectors such as logistics, retail, renewable energy, and manufacturing, it will also be introduced to other industries based on evolving market demands.
“As a signatory of the Net-Zero Banking Alliance, DBS is committed to aligning its lending and investment portfolios with net-zero emissions by 2050. Our success is intertwined with our clients’ ability to accelerate their decarbonisation agendas. Bridging the data gap is a key hurdle that companies face when it comes to reducing their carbon footprints, because you can only manage what you can measure. By partnering with Univers, we can help our clients – from large corporates to SMEs – easily access cutting edge digital solutions and sustainable financing, to make the transition to net zero.”
“We look forward to making available our decarbonisation solution that DBS and their clients need to accelerate their sustainable efforts. With Ark, we aim to onboard all companies, big and small, across multiple industries, to reach their net zero goal.”
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. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 14 consecutive years from 2009 to 2022.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
Univers provides the world’s most comprehensive decarbonization system.
Univers helps companies and countries optimize energy systems and reduce carbon emissions with accurate, reliable, and actionable decarbonization data. Univers’s EnOSTM platform connects on-the-ground operational technology and in-the-cloud intelligence to deliver real-time energy data and data-driven carbon monitoring, reporting, and abatement. Univers gives climate leaders unmatched control and opportunity to drive business and environmental progress.
With 220 million devices connected, 550GW of renewable energy under management, and a community of over 500 customers, we’re helping the world’s leading business get the world to net-zero – and what comes after it.
For more information, please visit univers.com.
