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DBS Bank to use renewable energy

DBS BankDBS Bank will use renewable energy sources to power 40% of its operations by the end of this year. The bank said this is equivalent to the amount of energy needed to power more than 3,000 four-room HDB flats a year. It said it plans to operate its own solar energy installations, procure renewable energy and continue driving efficient energy usage across its organization. The bank also launched a solar energy installation at the rooftop of its DBS Asia Hub in Changi Business Park in Singapore. The installation, which is owned and maintained by the bank, consists of 1,200 solar panels spread across an area about half the size of a football field. It will generate over 460MW hours per year, offsetting about 3% of the building’s power consumption. These efforts are part of the bank’s larger goal to power its entire Singapore operations with renewable energy by 2030. DBS is the first company in Singapore and the first Asian bank to make this commitment under RE100, a global renewable energy campaign that brings together global businesses committed to using only renewable energy to power their operations.

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