DBS Group Holdings Ltd.
26/06/2024 | Press release | Archived content
Trees for tomorrow: DBS Hong Kong SME Banking plants and preserves 1,400 trees enhancing ESG initiatives | Hong Kong.26 Jun 2024.5
Trees for tomorrow: DBS Hong Kong SME Banking plants and preserves 1,400 trees enhancing ESG initiatives | 繁體
Hong Kong.26 Jun 2024
SME Banking drives transition to paperless operations with 88% digital banking adoption, advancing sustainable business practices
Hong Kong, 26 Jun 2024 - To create a better future for our planet, DBS Bank (Hong Kong) Limited ("DBS Hong Kong") SME Banking collaborated with the World Green Organisation (WGO) to host a tree planting event on 21 June at Tai Lam Country Park, in response to the "World Rainforest Day" on 22 June.
The event brought together 100 DBS Hong Kong SME Banking staff, planting 400 new trees and nurturing 1,000 existing trees covering an area of close to 5,000 square meters. These efforts will contribute to improving air quality, reducing carbon footprints, and enhancing the natural beauty of the area.
As part of its social responsibility program focusing on environmental conservation and reducing carbon emissions, DBS Hong Kong SME Banking has launched the tree planting initiative. This builds on our long-term commitments to supporting SMEs in their low carbon transformation journey by addressing barriers through 3 As - Alliance, Affordability and Accessibility.
Jolynn Wong, Managing Director and Head of SME Banking, DBS Bank Hong Kong, said, "At DBS Hong Kong SME Banking, we are committed to doing well while doing good for society. Through this tree planting activity, I am delighted to join hands with my colleagues to bring our values to life and make a meaningful contribution to Hong Kong's sustainable future. We believe business success and social progress go hand in hand. We strive to implement a sustainable development business model. From business account opening to financing, DBS Hong Kong fully assists small and medium-sized enterprises in their low-carbon transformation journey, working with customers and communities to build a sustainable future."
In addition to tree planting, DBS Hong Kong SME Banking is taking steps to digitise banking services and encourage customers to adopt digital banking solutions for their business. In the first five months of 2024, adoption of digital banking of SME Banking customers has increased to 88%, and SME payment transactions handled through digital channels have substantially increased from 62% to 77% Year-on-Year.
DBS Hong Kong SME Banking also partners with like-minded organisations to create impact beyond banking. Past collaborations included partnering a power company to subsidise SMEs with renewable energy certificates, working with fintech companies to provide all-in-one low carbon business banking and payment solutions, and running SME sustainability bootcamps.
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. 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 15 consecutive years from 2009 to 2023.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.
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.
DBS Hong Kong SME Banking organised a tree planting event on 21 June at Tai Lam Country Park, enhancing the natural beauty of the planet.
The event brought together 100 DBS Hong Kong SME Banking staff, planting 400 new trees and nurturing 1,000 existing trees covering an area of close to 5,000 square meters. These efforts will contribute to improving air quality, reducing carbon footprints, and enhancing the natural beauty of the area.
As part of its social responsibility program focusing on environmental conservation and reducing carbon emissions, DBS Hong Kong SME Banking has launched the tree planting initiative. This builds on our long-term commitments to supporting SMEs in their low carbon transformation journey by addressing barriers through 3 As - Alliance, Affordability and Accessibility.
Jolynn Wong, Managing Director and Head of SME Banking, DBS Bank Hong Kong, said, "At DBS Hong Kong SME Banking, we are committed to doing well while doing good for society. Through this tree planting activity, I am delighted to join hands with my colleagues to bring our values to life and make a meaningful contribution to Hong Kong's sustainable future. We believe business success and social progress go hand in hand. We strive to implement a sustainable development business model. From business account opening to financing, DBS Hong Kong fully assists small and medium-sized enterprises in their low-carbon transformation journey, working with customers and communities to build a sustainable future."
In addition to tree planting, DBS Hong Kong SME Banking is taking steps to digitise banking services and encourage customers to adopt digital banking solutions for their business. In the first five months of 2024, adoption of digital banking of SME Banking customers has increased to 88%, and SME payment transactions handled through digital channels have substantially increased from 62% to 77% Year-on-Year.
DBS Hong Kong SME Banking also partners with like-minded organisations to create impact beyond banking. Past collaborations included partnering a power company to subsidise SMEs with renewable energy certificates, working with fintech companies to provide all-in-one low carbon business banking and payment solutions, and running SME sustainability bootcamps.
Jolynn Wong, Managing Director and Head of SME Banking, DBS Bank Hong Kong (right two), believes business success and social progress go hand in hand.
DBS Hong Kong SME Banking planted 400 trees and nurturing 1,000 existing trees covering an area of close to 5,000 square meters.
A hundred employees from DBS Hong Kong SME Banking participated in the tree planting event.
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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. 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 15 consecutive years from 2009 to 2023.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.
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.