Keppel Corporation and Singaporean regional bank DBS have signed a memorandum of understanding to jointly scale up sustainable urbanisation and digitalisation solutions in Asia.

“The collaboration aims to accelerate the adoption of energy optimisation and sustainable solutions across energy-intensive segments including healthcare, hospitality, as well as commercial and industrial real estate,” said the partners.

Under the agreement, Keppel would contribute solutions including high-efficiency cooling, sustainable energy, and storage, distributed solar photovoltaic systems, and electric vehicle charging infrastructure.

Additionally, it would provide spatial programming and workplace solutions that improve building performance and uplift asset value.

Loh Chin Hua, CEO of Keppel Corporation, said, “The MOU provides a platform for Keppel and DBS to deepen collaboration and develop solutions to help companies be more sustainable, digitalised and ultimately, more competitive in an increasingly complex operating environment.”

Piyush Gupta, CEO of DBS Bank, said: “Businesses are keenly aware of the vital role they play in achieving a net-zero future. To decarbonise at scale, companies need the know-how, as well as access to sustainable solutions and financing.”

The partners said the commitment was in line with “the spirit of the recently concluded Business 20 (B20) dialogue in New Delhi”, which focused on enabling responsible, accelerated, innovative, sustainable and equitable businesses to drive sustainable economic growth and development.

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