DBS and Singapore Manufacturing Federation partner to decarbonise Singapore’s manufacturing sector

From left to right: Melvin Tan (Honorary Secretary and Chairman of the Sustainability Committee, Singapore Manufacturing Federation), Lennon Tan (President, Singapore Manufacturing Federation), Lim Him Chuan (Singapore Country Head), Chen Ze Ling (Head of Corporate Banking, DBS) and Xu Wenshan (Director, Enterprise Engagement Division, SkillsFuture Singapore) the launch of the DBS and SMF’s Sustainability Partnership to decarbonise Singapore’s manufacturing sector.^[1]1. Training and upskilling for a future-ready workforce

To build awareness and understanding of sustainability across the manufacturing workforce, DBS and SMF will roll out targeted training webinars and in-person workshops to help manufacturers and their employees develop a strong foundation in sustainability. Participants will learn about key sustainability concepts, regulatory developments and industry best practices – from measuring carbon footprints and implementing energy-efficient manufacturing processes, to designing for circularity.
As a SkillsFuture Queen Bee partner, DBS will collaborate with SMF to launch a customised industry playbook later this year. The playbook, supported by SkillsFuture Singapore (SSG), will serve as a practical reference tool, offering insights on integrating sustainability into business strategies.2. Complementary sustainability programmes for a tailored transition

Recognising that each manufacturer’s sustainability journey is unique, DBS and SMF will align their sustainability programmes to provide businesses with structured yet flexible approaches to decarbonisation.
DBS will tap its ESG Ready Programme to provide a clear, step-by-step framework to help businesses build sustainability capabilities, develop tailored sustainability roadmaps and access green financing solutions. SMF, through its Chief Sustainability Officer-as-a-Service (CSOaaS) Programme, will offer on-demand access to sustainability experts, enabling manufacturers to receive bespoke sustainability advisory to strengthen their daily operations.3. Competitive sustainable financing

To empower manufacturers to translate their decarbonisation plans into action, DBS will offer a suite of competitive sustainable financing options (e.g. electric vehicle financing, green property loan, eco renovate loan), enabling them to invest in the green technology and infrastructure critical for decarbonisation., https://www.dbs.com.sg/sme/sustainability/esg-ready-programmehttps://smf-csoaas.com/https://skillsfuture.gobusiness.gov.sg/support-and-programmes/skillsfuture-queen-bee-networks/sfqb-dbs-bank^{^[1]}Based on NCCS data, the Industry sector (manufacturing) accounted for 49% of Singapore’s primary greenhouse gas emissions in 2022.[END]About DBSWorld’s Best BankWorld’s Best BankGlobal Bank of the YearWorld’s Best Digital BankMost Innovative in Digital BankingSafest Bank in Asiawww.dbs.comAbout Singapore Manufacturing Federationwww.smfederation.org.sg