DBS, Sheng Siong to build sustainable business ecosystem with 1,000 SMEs

DBS will offer upskilling courses and sustainable financing solutions.

DBS has partnered with Sheng Siong to build a sustainable business ecosystem with small and medium enterprises (SMEs).

Under this partnership, DBS will engage up to 1,000 SMEs in Sheng Siong’s supply chain network over the next two years to help them manage resources more efficiently and reduce their carbon footprint.

This initiative also represents the first-ever collaboration between two SkillsFuture Queen Bee companies. Introduced in 2020, the SkillsFuture Queen Bee initiative aims to support skills and workforce capability development in SMEs so as to enable their growth and business transformation. 

DBS will offer upskilling courses and green solutions, as well as sustainable financing solutions at preferential rates to help business overcome funding gaps, the bank said in a press release.

The bank said that it will also provide guidance on how to tap relevant government grants to ease the cost burden of companies who wish to go green.