Day: September 21, 2021

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The VELUX Group and Schneider Electric Announce Extended Partnership to Accelerate Lifetime Carbon Neutral Commitment

  • The VELUX Group has selected Schneider Electric to build accelerated decarbonization strategy to enable fast delivery on Lifetime Carbon Neutral commitment
  • Extended partnership builds on previously announced renewable energy advisory services

Rueil-Malmaison (France), September 21 2021 – The VELUX Group, the world leader in roof windows and skylights, and Schneider Electric, the global leader in the digital transformation of energy management and automation, today announced that the companies have executed a new extended partnership agreement. The agreement will enable the VELUX Group to reach its company carbon neutral goal by 2030 and accelerate its plans to be Lifetime Carbon Neutral in response to an increasing need to proactively address climate change.

Building on the announcement made earlier this year that Schneider Electric will help VELUX source the equivalent of 100% renewable electricity by 2023 to achieve its RE100 target, under the new agreement, Schneider Electric will develop a global program detailing zero-carbon action plans for each of the VELUX Group’s factory sites to successfully reduce their energy use and scale renewable capacity.

“We, collectively – corporations, governments, and society – must do more to address the climate crisis and reduce our carbon emissions, and we must move faster,” said Jörn Neubert, Senior Vice President of Supply, the VELUX Group. “The VELUX Group is removing operational barriers – and we’ve established a significant, dedicated climate budget – to increase and prioritize our climate strategy and ambitions. We selected Schneider Electric as our partner in this journey because of our shared values and Schneider’s ability to help us develop and realize an accelerated global program. Our partnership will ensure that we move as quickly as possible.”

The broadened focus of the partnership will further the VELUX Group’s ambition to be 100% carbon neutral (scope 1 and 2) by 2030 – decades ahead of other corporate targets – and Lifetime Carbon Neutral by the Group’s 100-year anniversary in 2041. This pioneering commitment means the Group has committed to capture its historical carbon footprint, reduce its future carbon emissions in line with and beyond the prevailing climate science behind the Paris Agreement’s 1.5°C scenario, and partner with World Wide Fund for Nature (WWF) on forest conservation projects around the world. The VELUX Group is also working to halve carbon emissions across its value chain (scope 3) by 2030.

“It is our honor to be selected by the VELUX Group as their carbon neutrality partner,” said Christel Heydemann, EVP, Europe Operations, Schneider Electric. “Accelerated climate action is essential for us to avoid the worst impacts of global warming. We know it’s possible – today – to reach a 1.5°C warming scenario through proven decarbonization solutions like resource efficiency, onsite and offsite renewable energy procurement, and quality carbon credits and offsets. We commend the VELUX Group for recognizing the urgency of climate change, accelerating their climate ambitions, and setting the gears in motion to reach net-zero well before 2050.”

The three-year partnership includes all VELUX factory sites. Schneider Electric – recognized last January as the world’s most sustainable corporation by the Corporate Knights Global 100 Index – will develop a global decarbonization program, including the following:

  • Energy assessment of all VELUX Group factory sites resulting in the development and implementation of zero-carbon action plans.
  • Support of VELUX Group’s Energy Excellence program in accordance with ISO50001, improving energy efficiency activities and expanding onsite renewable heating and electricity capacity to phase out fossil fuels.
  • Implementation of a global monitoring system through Schneider Electric’s EcoStruxure™ Resource Advisor to measure and analyze energy usage.

VELUX will pilot the zero-carbon action plans at two of the company’s top energy-consuming plants, which represent approximately 25% of all energy used in VELUX production: JTJ Sonneborn Industrie GmbH in Germany and NM Polska Sp. z o.o. in Poland. Significant investments will be made at these sites to convert to renewable heating sources by installing heat pumps powered by green electricity and using wood waste from certified (FSC/PEFC) forests produced on site. VELUX will also invest in onsite solar photovoltaic energy installations and continue to improve the sites’ energy efficiency by optimizing supply systems, production processes and energy management.

For media inquiries, please contact Kathrine Westermann, Senior Media Relations Manager, kathrine.westermann@velux.com

About the VELUX Group

For the past 80 years, the VELUX Group has created better living environments for people around the world; making the most of daylight and fresh air through the roof. Our product program includes roof windows and modular skylights, decorative blinds, sun screening products and roller shutters, as well as installation and smart home solutions. These products help to ensure a healthy indoor climate, for work and learning, for play and pleasure. We work globally – with sales and manufacturing operations in more than 40 countries and around 11,500 employees worldwide. The VELUX Group is owned by VKR Holding A/S, a limited company wholly owned by non-profit, charitable foundations (THE VELUX FOUNDATIONS) and family. In 2020, VKR Holding had total revenue of DKK 22.6 billion and THE VELUX FOUNDATIONS donated EUR 142 million in charitable grants.

For more information about VELUX Group, visit velux.com.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com

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ConvaTec Enhances Innovation Management with Anaqua

Anaqua’s AQX platform to help global medical products group protect and optimize its valuable IP portfolios

LONDON, Sept. 21, 2021 (GLOBE NEWSWIRE) — Anaqua, the leading innovation and intellectual property management technology provider, today announced that global medical products and technologies group ConvaTec will use Anaqua’s AQX platform to help more effectively manage their valuable patent and trademark portfolios.

The agreement further strengthens Anaqua’s position in the medical solutions markets, with a growing number of clients from these sectors collaborating with Anaqua as their preferred IP management provider.

With operations in more than 100 countries, ConvaTec is a global medical and technologies company focused on therapies for the management of chronic conditions, with leading market positions in advanced wound care, ostomy care, continence care, critical care, and infusion care. ConvaTec products provide a range of clinical and economic benefits including infection prevention, protection of at-risk skin, improved patient outcomes and reduced total cost of care.

Christina Allegrini, Vice President, Deputy General Counsel & Global Head of Intellectual Property at ConvaTec, said: “Our company vision is to pioneer trusted medical solutions to improve the lives we touch. As part of this, one of our key strategic pillars is to innovate in our work and solutions, supported by increased investment in R&D. Therefore, it is critically important that we manage our innovation and IP effectively and efficiently – and Anaqua will help ensure we do that.”

ConvaTec will use Anaqua’s AQX platform for patent and trademark management, annuities and renewals (in conjunction with Anaqua Services), and patent analytics through integration with Anaqua’s AcclaimIP.

Bob Romeo, CEO of Anaqua, said: “We are proud to be working with and supporting ConvaTec, a company driven by innovation to better serve people around the world in need of advanced medical care. For our part, we look forward to helping ConvaTec protect their innovation and IP management needs. We are also delighted to add another global company to our growing portfolio of clients in the healthcare and life sciences sectors.”

About Anaqua
Anaqua, Inc. is a premium provider of integrated intellectual property (IP) management technology solutions and services. Anaqua’s AQX platform combines best practice workflows with big data analytics and tech-enabled services to create an intelligent environment designed to inform IP strategy, enable IP decision-making, and streamline IP operations. Today, nearly half of the top 100 U.S. patent filers and global brands, as well as a growing number of law firms worldwide use Anaqua’s solutions. Over one million IP executives, attorneys, paralegals, administrators, and innovators use the platform for their IP management needs. The company’s global operations are headquartered in Boston, with offices across the U.S., Europe, and Asia. For additional information, please visit anaqua.com, or on LinkedIn.

About ConvaTec
ConvaTec is a global medical products and technologies company focused on therapies for the management of chronic conditions, with leading market positions in advanced wound care, ostomy care, continence and critical care, and infusion care. Headquartered in the UK, the company has operations in more than 100 countries and almost 10,000 employees worldwide. ConvaTec products provide a range of clinical and economic benefits including infection prevention, protection of at-risk skin, improved patient outcomes and reduced total cost of care. To learn more about ConvaTec, please visit convatecgroup.com.

Company Contact:
Amanda Hollis
Associate Director, Communications
Anaqua
617-375-2626
ahollis@Anaqua.com
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Lamor Corporation Aquaculture Solutions Lower Cost & Carbon Footprint With More Efficient Systems

Featured Image for Lamor Corporation

PORVOO, Finland, Sept. 21, 2021 (GLOBE NEWSWIRE) — Lamor Corporation provides Reverse Osmosis-systems for brackish and seawater treatment.

Finland has been one of the leading countries in cruise vessel  construction for decades, and various large cruise companies such as Royal Caribbean, TUI and Carnival have purchased their vessels from Finnish shipyards. For years cruise line companies have been concerned about fuel consumption and recently this has extended to their CO2 footprint. Now this same trend has reached aquaculture.

Finnish companies who have delivered Reverse Osmosis (RO) systems to cruise vessels have been forced to pay exceptional attention to the systems’ energy efficiency. Modern RO technology has changed rapidly in terms of process design during the past 10 years and the development of the energy recovering units have also brought some variables to the equation.

In simplified terms it can be said that currently there are two types of energy recovery units in the market. The first energy recovery device (ERD) developed – which is still available – was the turbo-type unit which collected reject water and spun a turbine. The compression turbine made the pressure increase to the membrane inlet water. A few years later a Danish company developed an ERD-unit which also uses the reject water pressure to increase the inlet water pressure, but this process happens through a pressure exchanger.

Energy efficiency can also be increased by methods other than equipment. Of course, friction losses in the pipelines and the pumps play a significant role but even better results can be achieved with intelligent process design. By selecting the membrane quantities according to the actual need, fine tuning the produced water quality and calculating all the key elements together, the energy consumption can be minimized. These same principles also apply to aquaculture and the same know-how can be adapted to live fish carriers.

But how does intelligent process design and equipment selections affect operating costs? The simple math shows that by reducing energy consumption by 1 kW/produced cubic metre, the average sized live fish carrier operator could save about 100,000 USD and 350 Tons of CO2 annually.

Easy and flawless operation is one of our strengths, and the developed automation software and user interface guarantees a stress-free operation experience for the users. Our reverse osmosis systems can provide you with fresh water safely, efficiently, economically and reliably.

Modern pre-treatment methods enable the extended lifetime of the RO membranes. We have collected the data from the systems and serviced our equipment for years. By providing this information to our development team we create even better solutions. This operation model has been the cornerstone of our development and provides the easy and flawless operation our customers enjoy today.

Lamor also offers a wide variety of other cost-efficient, customizable water treatment, oil spill response, and waste management solutions worldwide. Learn more about our solutions at lamor.com and contact us today for a personal quote.

Communications: Iryna Besarab – iryna.besarab@lamor.com

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Eco-Friendly Healthcare Company Dassiet Revolutionises Fracture Treatment With New Product Line UCAST

The new cast, consisting of biodegradable Woodcast material and self-adhesive Unitex fabric, makes casting significantly faster and safer.

UCAST Wrist Splint

UCAST Wrist Splint

ESPOO, Finland, Sept. 21, 2021 (GLOBE NEWSWIRE) — Today, the materials company Dassiet is launching UCAST – a product line targeted towards hospitals and health centres, making fracture treatment faster and safer both for the patient and nursing staff. Thermoplastic UCAST cast takes only about 5 minutes to apply, while a traditional cast can take up to 30 minutes to prepare. UCAST splints are made of completely non-allergenic and non-toxic materials, and the medical staff does not need to protect themselves for casting. The splint is light-weight, breathable and unobtrusive to the patient.

The UCAST splint is made of the wood composite material called Woodcast, which has already been used in hospitals in Finland and around the world for more than 10 years. Woodcast is also used in the field of veterinary medicine, including institutions such as the Veterinary Teaching Hospital in Helsinki. The material is in widespread use in the medical field due to its safety and ease of use. UCAST, developed by casting professionals, will be a big step forward in trauma treatment. It is a breathable and non-toxic cast that removes the need to measure, cut and clean up during fracture treatment. UCAST also helps hospitals to fight against climate change, as the splint is completely biodegradable, and the fabric can be recycled.

Michael Lindroos, COO at Dassiet, is responsible for the product development and has created UCAST in cooperation with physicians, researchers and other casters.

“I have carried out the duties of a casting specialist since 1999. Patients’ well-being and proper treatment have always been my top priorities, which is why I have spent the past years developing UCAST to make the daily lives of my colleagues and the patient easier. UCAST consists of only two materials: thermoplastic Woodcast splint and padded fabric. Our innovative fabric completely replaces the stockinettes, paddings, bandages and tapes needed during casting. Units using UCAST spend less time on the procedure, which in turn can reduce the waiting time for patients. UCAST is an effective, fast and safe cast, which is something that I always wanted when I was working in a hospital,” Lindroos comments.

In addition to launching UCAST, Dassiet continues product and material development. Recently, the company acquired a leading US company OrthoPets, that produces animal orthoses. Improving veterinary treatment is one of the main focuses of the company. Furthermore, Dassiet offers various industries an opportunity to replace plastic parts with durable and ecological wood composite and biopolymer options.

The first products available in the UCAST product line include a wrist splint and a short thumb splint. Additional products for the treatment of upper and lower limbs will become available soon.

Additional information on UCAST products can be read at www.ucastmedical.com

Watch the UCAST launch trailer: ucastmedical.com/trailer

More UCAST product images: ucastmedical.com/press-kit

ABOUT DASSIET

Dassiet is a materials company that was established in 2008. It develops efficient and ecological super materials for various industries, such as health care, sports, and technology. Dassiet is best known for its Woodcast wood composite, which has already been clinically used in fracture and trauma treatment around the world for more than a decade. Woodcast is an ecological, durable thermoplastic material that replaces plastic in many products and applications. Dassiet’s most recent innovations include support product lines UCAST and UPETS, which will revolutionise trauma treatment for both humans and animals.

Additional information about Dassiet’s products and team: https://www.dassiet.com

MEDIA CONTACT:

Jimmy Takki, CEO, Dassiet
jimmy.takki@dassiet.com
+358 50 575 7337

Michael Lindroos, COO, Dassiet
michael.lindroos@dassiet.com
+358 50 466 4642

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Image 1: UCAST Wrist Splint

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Iranian currency rates for September 21

The Central Bank of Iran (CBI) has announced the official rate of foreign currencies on September 21, Trend reports referring to CBI.

According to the currency exchange rate of the Central Bank of Iran, 11 currencies have increased and 23 have decreased compared to September 20.

According to CBI, $1 equals 42,000 Iranian rials and 1 euro equals 49,256 rials.

Currency Iranian rial on Sept.21 Iranian rial on Sept.20

1 US dollar USD 42,000 42,000

1 British pound GBP 57,354 57,706

1 Swiss franc CHF 45,265 45,055

1 Swedish krona SEK 4,830 4,837

1 Norwegian krone NOK 4,814 4,823

1 Danish krone DKK 6,625 6,623

1 Indian rupee INR 571 570

1 UAE dirham AED 11,437 11,437

1 Kuwaiti dinar KWD 139,528 139,307

100 Pakistani rupees PKR 24,817 25,000

100 Japanese yens JPY 38,367 38,187

1 Hong Kong dollar HKD 5,394 5,398

1 Omani rial OMR 109,235 109,235

1 Canadian dollar CAD 32,756 32,891

1 New Zealand dollar NZD 29,492 29,566

1 South African rand ZAR 2,837 2,849

1 Turkish lira TRY 4,841 4,867

1 Russian ruble RUB 571 577

1 Qatari riyal QAR 11,539 11,539

100 Iraq dinars IQD 2,878 2,877

1 Syrian pound SYP 34 34

1 Australian dollar AUD 30,432 30,542

1 Saudi riyal SAR 11,201 11,201

1 Bahraini dinar BHD 111,705 111,705

1 Singapore dollar SGD 31,072 31,154

100 Bangladeshi takas BDT 49,291 49,506

10 Sri Lankan rupees LKR 2,105 2,107

1 Myanmar kyat MMK 24 25

100 Nepalese rupees NPR 35,467 35,447

1 Libyan dinar LYD 9,293 9,316

1 Chinese yuan CNY 6,496 6,496

100 Thai baths THB 125,918 125,914

1 Malaysian ringgit MYR 10,019 10,067

1,000 South Korean wons KRW 35,349 35,533

1 Jordanian dinar JOD 59,239 59,239

1 euro EUR 49,256 49,256

100 Kazakh tenge KZT 9,837 9,880

1 Georgian lari GEL 13,528 13,495

1,000 Indonesian rupiahs IDR 2,946 2,950

1 Afghan afghani AFN 526 526

1 Belarus ruble BYN 16,815 16,936

1 Azerbaijani manat AZN 24,722 24,707

100 Philippine pesos PHP 83,607 83,884

1 Tajik somoni TJS 3,702 3,711

1 Turkmen manat TMT 12,021 12,001

In Iran, the official exchange rate is used for the import of some essential products.

SANA system is a system introduced by the Central Bank of Iran to the currency exchange offices, where the price of 1 euro is 308,946 rials, and the price of $1 is 263,437 rials.

NIMA is a system intended for the sale of a certain percentage of the foreign currency gained from export.

The price of 1 euro in this system is 271,132 rials, and the price of $1 is 231,192 rials.

In the black market, $1 is worth about 268,000-271,000 rials, while 1 euro is worth about 316,000-319,000 rials.

Source: TREND News Agency

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Kazakhstan to resume air traffic with Azerbaijan

Kazakhstan will resume air traffic with Azerbaijan, Trend reports citing the country’s government.

During the meeting of the government of Kazakhstan, an appropriate decision was made to resume and increase air traffic with 16 countries.

This list includes Azerbaijan, Russia, Turkey, the UAE, Uzbekistan, Germany, Maldives, the Republic of Korea, Poland, Hungary, Italy, Czech Republic, Sri Lanka, China, Saudi Arabia, and Kuwait.

The government also decided to renew the visa-free regime for entry into Kazakhstan with 30 foreign countries with a favorable epidemiological situation and a high level of vaccination of the population against coronavirus (COVID-19).

This list includes Italy, Netherlands, France, Germany, Spain, Japan, the UAE, Saudi Arabia, Kuwait, Poland, Denmark, Chile, Hungary, Korea, Czech Republic, Bahrain, Qatar, Monaco, Cyprus, Iceland, Finland, Malta, Sweden, Portugal, Liechtenstein, Slovakia, Luxembourg, Canada, Singapore, Belgium.

Source: TREND News Agency

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McDonald’s to Phase Out Plastic Toys from Happy Meals

Fast-food giant McDonald’s said Tuesday it would phase out plastic toys from its signature Happy Meals by 2025.

“Starting now, and phased in across the globe by the end of 2025, our ambition is that every toy sold in a Happy Meal will be sustainable, made from more renewable, recycled, or certified materials like bio-based and plant-derived materials and certified fiber,” the company said in a statement.

McDonald’s said that this process had already begun in Britain and Ireland, and that all its Happy Meal toys in France were already made sustainably.

The signature meal for children typically contains a plastic toy, often an action figure. But the new plan means that figurines may be made of cardboard for the child to assemble.

McDonald’s, which has been serving Happy Meals since 1979, said that its new plan to make toys out of renewable materials will reduce fossil fuel-based plastic in its toys by 90%.

But a large part of McDonald’s packaging remains plastic, the company acknowledges, saying that it has “set goals” for all its packaging to be from “renewable, recycled, or certified sources” by 2025.

Source: Voice of America

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Digital transformation remains core agenda for large corporates, middle-market companies and SMEs in Asia-Pacific

Singapore, 21 Sep 2021 – The third edition of the DBS Digital Readiness Survey[1]has revealed that although there has been continued momentum in digitalisation efforts by businesses across the Asia-Pacific (APAC), there remains room for further improvement.

Involving around 2,600 corporate treasurers, CEOs, CFOs and business owners across 13 markets in APAC[2], as well as the US and UK, the survey showed that seven in 10 (70%) large corporates and middle-market companies[3]in APAC have a digital transformation strategy in place, with Taiwan leading the way at 95%, followed by Singapore (91%), China (87%) and Hong Kong (86%). This is a marked increase from last year, when the proportion of APAC businesses with a digital strategy was only 57%. There was also a significant jump in the proportion of businesses with clearly defined digital strategies – to greater than three in 10 companies (35%) from 26% the year before.

However, about half (53%) of large corporates and middle-market companies in the region remain in the nascent stages of digitalisation, having just started developing their digital roadmaps or with current plans remaining underdeveloped.

Lim Soon Chong, Group Head of Global Transaction Services, DBS, said, “Embracing digital is now a non-negotiable imperative for corporates, regardless of their size. But the digital landscape is rapidly-evolving, and businesses have to keep pace with the latest developments while navigating ongoing economic headwinds. The pace of digital technology change makes it challenging for businesses to develop and implement holistic and effective digital strategies. At DBS, we see it as our mission to leverage our digital leadership to support businesses in adopting innovative digital solutions to emerge stronger from these challenging times.”

SMEs making steady digital progress, but lag behind larger corporates

Small and medium-sized enterprises (SMEs) make up more than 96% of all Asian businesses[4], and are integral to the success of the region’s economy. To better understand their needs, the DBS Digital Readiness Survey was expanded this year to garner insights from more than 1,000 small and medium-sized enterprises[5](SMEs) across APAC[6]on where they are in terms of digitalisation.

In terms of digital progression, SMEs in Singapore are the pacesetters with 72% having a digital transformation strategy in place, followed by Hong Kong (47%), China (44%), Taiwan (38%), India (25%) and Indonesia (20%). However, the region’s SME segment lags behind large corporates and middle-market companies in terms of digital readiness with only four in 10 SMEs (41%) having a digital transformation plan in place, and one in 10 with a clearly defined digital strategy (12%).

Joyce Tee, Group Head of SME Banking, DBS, said, “Most SMEs in the region recognise the benefits of digital transformation and have a genuine interest in digitalising their businesses. They see going digital as essential for their businesses to survive and thrive in the new normal. But the cost of adopting new technologies and the steep competition for digital talent have been impeding their progress. For some SMEs, there also appears to be a knowledge gap or lack of confidence on exactly where to begin, so it is incredibly important for partners such as banks to not only be providing digital solutions, but also educational resources on where to start and how to progress.”

Pressure to digitalise and barriers to digital adoption

As the pandemic accelerates the demand for contact-free services and questions the resiliency in supply chains, virtually all businesses[7]in the region (97%) have indicated that they are facing external pressure to transform digitally. Key external pressure driving the need to change arises from customers and key market demand (35%), growing supply chain complexities (26%) and the threat of competitors (20%).

The challenges to digital adoption however vary across large corporates and middle-market companies, and SMEs.

The top three challenges in terms of digitalisation for the respective segments are:

Large corporates and middle-market companies

1. Speed of change and complexity in the enabling technologies (88%);

2. Execution complexity (87%); and

3. Availability of digital talent (77%).

SMEs

1. High costs of adopting new technology (63%);

2. Availability of digital talent (37%); and

3. Cybersecurity concerns (23%).

In terms of digital spend, around half of large corporates and middle-market companies in the region cite that trade and supply chain financing (65%), ongoing cash management (56%) and sales and distribution channels such as eCommerce storefronts (48%) represent the three most significant digital investment areas. For SMEs, their top three priorities for digital investments are sales and distribution channels (55%), trade and supply chain finance (47%) and procurement (47%). In particular, when it comes to investments in digitalising sales and distribution channels, APAC SMEs as a proportion of their overall technology budgets, invest double that of large corporates and middle-market companies (21% compared to 10%).

The top three focus areas are in contrast to the US, where seven in 10 (67%) businesses are prioritising their investments on risk and compliance reporting and sales and distribution channels, and six in 10 (59%) on customer relationship management and servicing. In the UK, digital spend is focused on sales and distribution channels (73%), followed by trade and supply chain financing (69%) and customer relationship management and servicing (63%).

Trends ahead – Digital and sustainability

The use of APIs and smart contracts is expected to continue gaining traction among businesses large and small across the region. 90% of APAC businesses see the use of smart contracts and 82% view APIs as a critical component of their digital strategies going ahead. As an example, API connectivity with banks is expected to flourish over the next 12 months, with 56% of SMEs and 65% of large corporates and middle-market companies looking to adopt APIs in their banking connections.

In terms of digital support, banks remain the preferred partner for businesses in APAC for keeping pace with fintech innovations and finding the right digital solutions, with more than eight in 10 businesses (85%) citing this as a preference (up from 69% in 2020)[8].

Sustainability is also pipped to be the next growth frontier with businesses allocating greater digital spend towards ESG purposes over the next 12 months[9].

Among the larger corporates which currently invest in digital solutions for ESG purposes, six in 10 expect to leverage digital tools to map out their financing requirements and meet investor requirements in relation to their ESG agendas, while 52% are investing in technology to offset their carbon footprint through the trading of carbon credits.

Sharing his views on how sustainability has reached a tipping point globally, Lim said, “There is now an increased expectation on companies to adhere to better business practices that will lead to measurable sustainable outcomes. Businesses are seeking to leverage digital solutions for their sustainability drives, including efforts to record sustainability identifiers and to prove sustainable transactions using digital forms. We are actively partnering with our clients and industry partners to co-create these digital solutions.”

Source: DBS Bank