Corporate and individual role in the shift towards an environmentally friendly lifestyle | Bahasa
Indonesia.18 Sep 2020.3 min read
Bank DBS Indonesia and Inspigo present virtual discussion on sustainable living
Indonesia, 18 Sep 2020 - Independent research conducted by NASA and the National Oceanic and Atmospheric Administration (NOAA) has found that 2019 was the second hottest year with the global average temperature increasing by 1.8 degrees Fahrenheit or 0.98 degree Celsius. It was a significant increase when compared to the global average temperature in the 20th century. This was due to a 2% increase in the concentration of greenhouse gases and carbon emissions compared to 2018. The increase in carbon emissions was the fastest in the last seven years. Climate change, which is increasingly erratic, and worsening global warming have prompted environmental activists to take immediate action. However, it takes more than environmental activists to address the issue. Individuals and corporations should also be aware of the Earth’s health condition.
Many people have adopted a more environmentally friendly lifestyle to help save the Earth. As a purpose-driven bank, Bank DBS Indonesia believes that individuals as well as corporations play an important role in supporting an environmentally friendly lifestyle. Through an event jointly organised with Inspigo entitled “Shift Happens - Simple Steps to Shift into Sustainable Lifestyle”, Bank DBS Indonesia shares tips for corporations, especially banks, for taking part by running a sustainable and responsible business while giving a social impact to society.
Since its establishment, DBS Bank has always given emphasis on growth that is based on the principles of ESG, namely Environmental, Social, and Governance. The word ‘social’ in ESG has been ingrained in DBS Bank for a long time and realised through care for employees, consumers, and the environment. Three years ago, DBS Bank started to implement a sustainability agenda by creating a sustainability council in all DBS Bank’s markets in Asia. As a commercial bank, DBS Bank is aware of the social and environmental risks that may arise in driving the economy. The sustainability agenda was formulated as a foundation for DBS Bank’s responsibility as a corporation and with the hope of minimising social and environmental risks.
DBS Bank’s sustainability agenda is based on three pillars, namely responsible banking, responsible business practices, and creating social impacts. Through responsible banking, DBS Bank helps individuals or businesses who want to apply the ESG principles in their business. “DBS Bank has a programme called special interest. Bank DBS provides loans to businesses that want to become more environmentally friendly businesses by reducing their carbon footprints, among other things. Bank DBS also supports businesses that can give social impacts, or what we usually call social enterprises,” said Mona Monika, Head of Group Strategic Marketing and Communications, PT Bank DBS Indonesia.
Bank DBS Indonesia’s other effort in pursuing its sustainability agenda is to engage in environmentally responsible business practices by managing the waste at Bank DBS offices. Bank DBS Indonesia carries out the activity in collaboration with social enterprises so that the waste from Bank DBS Indonesia's offices can be recycled properly. Working with social enterprises is also an effort of Bank DBS to create a good social impact. Through DBS Foundation, which was established in 2004, Bank DBS strives to help social enterprises create welfare and have a greater social impact on society by providing grants every year. "The more social enterprises emerge, the more social problems can be solved," Mona said. She went on to say that, "We also help these enterprises –startups- and other companies support Indonesia’s economic development and at the same time address social issues."
In addition to managing the waste in its office buildings, Bank DBS Indonesia initiated the #MakanTanpaSisa campaign, which is a continuation of the Live more, Waste less campaign. #MakanTanpaSisa is a movement aimed at reducing food waste and to spread kindness to those who have difficulty getting food and good nutritions due to the pandemic. "When talking about the environment, many people just think about excessive plastic use. One thing they don't realise is that food waste will accumulate and will produce methane gas that ultimately worsens global warming. We initiated this movement out of concern about such a point of view,” Mona said.
Another speaker at the event, singer Andien Aisyah who also actively supports the sustainability or environmentally friendly movement and who has become a vegan, admitted that changing her old lifestyle to become more environmentally friendly is not easy. It needs consistency and an awareness that the Earth is not doing well and ignoring it will continue to make things worse. "There should be a collective consciousness where every person realises what he or she is doing has a huge and good impact on the environment. This can certainly bring about major changes," said Andien.
Andien also supports sustainable fashion, which led her to set up Setali Foundation with her friends with a mission to reduce the consumption of fast fashion. Setali Foundation collects unused clothes for resale and donates the proceeds. Andien also said that Setali Foundation has worked closely with Bank Sampah Bersinar in managing rejected clothes or items that do meet the curation standards. The clothes are given to scavengers for them to resell or wear. Setali Foundation also recycles or upcycles their rejected clothes to ensure sustainability process and support circular fashion. "I've looked deeper inside myself and learned that my fulfillment does not have to do with things or material things," Andien said.
Many people have adopted a more environmentally friendly lifestyle to help save the Earth. As a purpose-driven bank, Bank DBS Indonesia believes that individuals as well as corporations play an important role in supporting an environmentally friendly lifestyle. Through an event jointly organised with Inspigo entitled “Shift Happens - Simple Steps to Shift into Sustainable Lifestyle”, Bank DBS Indonesia shares tips for corporations, especially banks, for taking part by running a sustainable and responsible business while giving a social impact to society.
Since its establishment, DBS Bank has always given emphasis on growth that is based on the principles of ESG, namely Environmental, Social, and Governance. The word ‘social’ in ESG has been ingrained in DBS Bank for a long time and realised through care for employees, consumers, and the environment. Three years ago, DBS Bank started to implement a sustainability agenda by creating a sustainability council in all DBS Bank’s markets in Asia. As a commercial bank, DBS Bank is aware of the social and environmental risks that may arise in driving the economy. The sustainability agenda was formulated as a foundation for DBS Bank’s responsibility as a corporation and with the hope of minimising social and environmental risks.
DBS Bank’s sustainability agenda is based on three pillars, namely responsible banking, responsible business practices, and creating social impacts. Through responsible banking, DBS Bank helps individuals or businesses who want to apply the ESG principles in their business. “DBS Bank has a programme called special interest. Bank DBS provides loans to businesses that want to become more environmentally friendly businesses by reducing their carbon footprints, among other things. Bank DBS also supports businesses that can give social impacts, or what we usually call social enterprises,” said Mona Monika, Head of Group Strategic Marketing and Communications, PT Bank DBS Indonesia.
Bank DBS Indonesia’s other effort in pursuing its sustainability agenda is to engage in environmentally responsible business practices by managing the waste at Bank DBS offices. Bank DBS Indonesia carries out the activity in collaboration with social enterprises so that the waste from Bank DBS Indonesia's offices can be recycled properly. Working with social enterprises is also an effort of Bank DBS to create a good social impact. Through DBS Foundation, which was established in 2004, Bank DBS strives to help social enterprises create welfare and have a greater social impact on society by providing grants every year. "The more social enterprises emerge, the more social problems can be solved," Mona said. She went on to say that, "We also help these enterprises –startups- and other companies support Indonesia’s economic development and at the same time address social issues."
In addition to managing the waste in its office buildings, Bank DBS Indonesia initiated the #MakanTanpaSisa campaign, which is a continuation of the Live more, Waste less campaign. #MakanTanpaSisa is a movement aimed at reducing food waste and to spread kindness to those who have difficulty getting food and good nutritions due to the pandemic. "When talking about the environment, many people just think about excessive plastic use. One thing they don't realise is that food waste will accumulate and will produce methane gas that ultimately worsens global warming. We initiated this movement out of concern about such a point of view,” Mona said.
Another speaker at the event, singer Andien Aisyah who also actively supports the sustainability or environmentally friendly movement and who has become a vegan, admitted that changing her old lifestyle to become more environmentally friendly is not easy. It needs consistency and an awareness that the Earth is not doing well and ignoring it will continue to make things worse. "There should be a collective consciousness where every person realises what he or she is doing has a huge and good impact on the environment. This can certainly bring about major changes," said Andien.
Andien also supports sustainable fashion, which led her to set up Setali Foundation with her friends with a mission to reduce the consumption of fast fashion. Setali Foundation collects unused clothes for resale and donates the proceeds. Andien also said that Setali Foundation has worked closely with Bank Sampah Bersinar in managing rejected clothes or items that do meet the curation standards. The clothes are given to scavengers for them to resell or wear. Setali Foundation also recycles or upcycles their rejected clothes to ensure sustainability process and support circular fashion. "I've looked deeper inside myself and learned that my fulfillment does not have to do with things or material things," Andien said.
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About DBS
DBS is a leading financial services group in Asia with a presence in 18 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 Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. 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. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 11 consecutive years from 2009 to 2019.
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, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 29,000 staff, representing over 40 nationalities. For more information, please visitwww.dbs.com.