DBS Bank India supports environmental sustainability projects in India
DBS Bank India – Several natural disasters have struck the planet in recent years, affecting agriculture, biodiversity, fresh water supply, and humanity’s existence. Climate change has emerged as a major intervention area, demanding comprehensive programmes that provide long-term answers rather than discrete actions. DBS Bank India has recently partnered with two non-governmental organisations (NGOs) working on various areas of this subject.
In rural Maharashtra, the bank has partnered with the Raah Foundation to pilot a groundbreaking food forest project. Through a scientifically designed forestry comprising of numerous seasonal fruit and vegetable plants, this initiative attempts to develop a prototype of long-term carbon sinks. This strategy can bring a number of advantages as well as long-term social, economic, and environmental value.
Separately, the bank has given the Wildlife Conservation Society (WCS) a grant to help it continue its efforts to reduce human-wildlife conflict in Mumbai’s Sanjay Gandhi National Park. WCS’ initiative intends to engage local communities and perform awareness and rescue training programmes in order to reduce the danger of violence and provide a safer habitat for leopards and other wild animals.
“We understand our duty as a financial institution in supporting social, economic, and environmental sustainability,” Shoma Narayanan, Executive Director, Group Strategic Marketing & Communications, DBS Bank India, said of the relationships. In the larger context of climate change and sustainable development, these projects are critical. We are certain that our collaboration with the Raah Foundation and the Wildlife Conservation Society will have a long-term positive influence on the environment and society.”
“With the support of DBS Bank, we are constructing a food forest with 200 kinds of trees/shrubs/grasses/tubers/climbers for the tribals living in Jawhar, in the Palghar district of Maharashtra,” stated Sarika Kulkarni, Founder, Raah Foundation. In the coming years, we have big intentions to plant 1,000 acres of food forests. We owe DBS Bank a huge debt of appreciation for their unwavering assistance.”
Growing food forests will solve a number of challenges related to climate change vulnerability while also protecting key ecosystem functions such as air and water purification, pollination, nutrition, soil erosion management, and carbon sequestration.
“The initiative to study the Mumbai leopards is vitally crucial to address the issue of human leopard conflict,” stated Dr Vidya Athreya, Country Director, Wildlife Conservation Society-India. DBS Bank’s generous funding has been critical to our work’s success. DBS’s support for this project has been tremendously gratifying and privileged, and we look forward to future cooperation.”
DBS Bank India
DBS Bank has made a commitment to operating more sustainably and reducing its environmental impact. Through strategic collaborations, the bank has launched a number of programmes to support and address critical environmental, social, and governance (ESG) concerns. The bank is certain that we must alter our approach to food production and consumption. DBS Bank launched the Towards Zero Food Waste (TZFW) project in 2020 with this goal in mind. DBS also supports the expansion of transition finance and the adoption of sustainable business practises by like-minded clients and their network of supply chain partners.
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