Business Daily Media
Tuesday, March 18, 2025 12:22:22 AM

The Times Real Estate

.

DBS Hong Kong and CLP Power expand partnership with launch of "SME Low-carbon Rewards" to support SMEs’ low-carbon transition

First bank in Hong Kong to provide subsidies to SMEs for purchasing CLP renewable energy certificates

HONG KONG SAR - Media OutReach - 30 June 2023 - Environmental, social, and corporate governance (ESG) is increasingly important for businesses.

According to a survey commissioned by DBS Bank (Hong Kong) Limited (DBS Hong Kong)[1], 70% of SMEs in Hong Kong see ESG as an important part of their business strategy. DBS Hong Kong Limited and CLP Power Hong Kong Limited (CLP Power) announce the launch of a new "SME Low-carbon Rewards" programme that aims to support Hong Kong SMEs in their drive towards a low-carbon economy.

DBS Hong Kong and CLP Power expand partnership to launch a new “SME Low-carbon Rewards” programme that aims to support SMEs’ low-carbon transition while supporting the development of local renewable energy and promoting digital payment services adoption. (From left) Ms Jolynn Wong, Managing Director and Head of SME Banking, DBS Bank (Hong Kong) Limited and Ms Lena Low, Senior Director, Customer Success & Experience of CLP Power.
DBS Hong Kong and CLP Power expand partnership to launch a new “SME Low-carbon Rewards” programme that aims to support SMEs’ low-carbon transition while supporting the development of local renewable energy and promoting digital payment services adoption. (From left) Ms Jolynn Wong, Managing Director and Head of SME Banking, DBS Bank (Hong Kong) Limited and Ms Lena Low, Senior Director, Customer Success & Experience of CLP Power.

Tailored business solutions to enable SMEs' transition to a low-carbon economy

The new programme will offer banking service privileges to eligible customers:

  1. CLP Renewable Energy Certificates (RECs): CLP Power's business customers are entitled to DBS Hong Kong's subsidies to purchase CLP RECs.
  2. Preferential deposit rate: CLP Power's business customers can enjoy HKD current or savings account deposit rate as high as 1.25% per annum for settling operational expenses including CLP electricity bill[2].
  3. Business account opening fee waiver: CLP Power's business customers who newly open DBS Business Accounts can enjoy business account opening fee waivers[3]. In addition, they can enjoy a series of "$0 fee" offers, including but not limited to waivers in telegraphic transfers, local transfers and FPS payments.

Ms Jolynn Wong, Managing Director and Head of SME Banking, DBS Bank (Hong Kong) Limited, remarked, "As a purpose-driven bank, DBS is pleased to expand our partnership with CLP Power to help contribute to Hong Kong's goal of achieving carbon neutrality by 2050. We are proud to be the first bank in Hong Kong to subsidise Hong Kong SMEs to purchase CLP RECs to help drive a low-carbon future. Being the Best Bank in Hong Kong[4], we shall continue to power up SMEs' energy transition by providing businesses with more accessible, innovative and digital banking solutions with like-minded partners such as CLP Power, who shares the same common vision for the future."

KPay, a financial technology (fintech) company based in Hong Kong that focuses on providing integrated business solutions, is among one of the first SME corporates enrolled in the programme. It has embraced paperless bank payment solutions and received preferential interest rates under the scheme that will help support its low-carbon business operations.

Ms Lena Low, Senior Director, Customer Success & Experience of CLP Power said, "As a trusted energy partner for business customers, CLP Power partnered with DBS Hong Kong last year to launch a financing loan solution which is pegged to CLP Power's energy-saving services. To further strengthen our support for businesses, we are happy to collaborate with DBS Hong Kong again this year to offer our customers an innovative product, allowing them to manage their funds more flexibly while supporting the development of local renewable energy, promoting digital payment services adoption and supporting low-carbon business operations."




[1] Commissioned by DBS HK, AON conducted a DBS SME Brand Health Monitor Survey 2022 in Q4 2022,with a sample size of 465 companies.

[2] Terms and conditions of Energy-Saving Business Deposit Account Offers apply.

[3] Terms and conditions of Energy-Saving Business Account Opening Offers apply.

Hashtag: #DBSHongKong #CLPPower

The issuer is solely responsible for the content of this announcement.

About DBS

DBS is a leading financial services group in Asia with a presence in 19 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 "" by Global Finance, "" by Euromoney and "" by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named "" by Euromoney and the world's "" by The Banker. In addition, DBS has been accorded the "" award by Global Finance for 14 consecutive years from 2009 to 2022.

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, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit .

About CLP Power Hong Kong Limited

CLP Power Hong Kong Limited (CLP Power) is the Hong Kong utility subsidiary wholly owned by CLP Holdings Limited, a company listed on the Hong Kong Stock Exchange and one of the largest investor-owned power businesses in Asia. CLP Power operates a vertically integrated electricity supply business in Hong Kong, and provides a highly reliable supply of electricity and excellent customer services to more than six million people in its supply area.

News from Asia

LFC and adidas reunite with new multi-year partnership

LIVERPOOL, UK - Media OutReach Newswire - 13 March 2025 - Liverpool Football Club and adidas have agreed a new multi-year partnership that will see the sportswear giant once again become the club...

Prince Holding Group Earns Fifth Consecutive ‘Best in Cambodia’ Award for CSR Initiatives

Recognized at the 17th Annual Global CSR & ESG Awards for Sustainable Development Efforts PHNOM PENH, CAMBODIA - Media OutReach Newswire - 13 March 2025 - Prince Holding Group has been recogni...

Galaxy Macau’s Reveals a Galaxy of Stars As the Integrated Resort’s Restaurants are Awarded Five Michelin Stars in the 17th Michelin Guide Hong Kong Macau 2025

Sushi Kissho by Miyakawa Celebrates a Stellar Debut MACAU SAR - Media OutReach Newswire - 13 March 2025 - In the 17th Michelin Guide Hong Kong Macau 2025, Galaxy Macau™, the world-class luxury in...

Melco continues to lead with the city’s top number of Stars granted by MICHELIN Guide Hong Kong & Macau 2025

MACAO SAR - Media OutReach Newswire - 13 March 2025 - Melco Resorts & Entertainment continues to lead in Macau in the newly published MICHELIN Guide Hong Kong & Macau 2025, being granted ...

Singapore G Unveils the Largest Cold Storage Facility in Central Singapore, Reinforcing Its Commitment to Supporting SMEs and Business Growth

SINGAPORE - Media OutReach Newswire - 14 March 2025 - Singapore G, a trailblazer in space solutions, today announced the grand opening of MustardSeed@SG Cold Store, a cold storage facility in the ...

GROW with Singlife and aberdeen Launch New Exclusive Share Class of Global Income Bond Fund to Deliver Sustainable Payouts Amid Market Volatility

Globally diversified portfolio of crossover bonds aims to deliver attractive yields for investors SINGAPORE - Media OutReach Newswire - 14 March 2025 - GROW with Singlife ("GROW"), the integrated...

Konica Minolta wins 2025 A3 Line of the Year Award and four Pick Awards from Keypoint Intelligence

Recognition of Konica Minolta’s adaptable, future-ready innovations in office printing technology. SINGAPORE - Media OutReach Newswire - 14 March 2025 – Konica Minolta has been awarded five ...

Silver vs. Gold: Octa Broker's Expert Take on the Future of Precious Metals

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 14 March 2025 - Silver is attracting investor interest, with market analysts predicting a potential leap to $40 per troy ounce in 2025...

Asia trade set for continued growth despite challenging global business environment, reveals DHL Trade Atlas 2025

India, Vietnam, Indonesia, and the Philippines are forecast to lead in both speed and scale of trade growth from 2024 to 2029 South Asia and Southeast Asia regions set to ach...

Incode joins Australia’s Age Assurance Technology Trial to protect children online

With a market-leading +99% accuracy rate, Incode will play a key role in safeguarding Aussie minors on social media Incode Technologies Inc., a...

Empowering small businesses: Localsearch rolls out affordable digital solutions

New suite of digital solutions designed to boost visibility, engagement, and customer acquisition In response to a rapidly evolving digital lan...

Why Responsible Leadership is a Competitive Advantage for Small Businesses

In today’s fast-changing business landscape, leadership is evolving. While large corporations are reassessing their diversity, equity, and inclusi...

Why it’s a great time to include the EU in your export push

With the US market beset with unknowns, training your sights on mainland Europe in 2025 makes sound sense. Wondering whether the introduction o...

Success Isn’t About Labels—It’s About Mindset

In the lead up to International Women’s Day, I’ve been reflecting on my own success as a business owner and whether or not being a woman has playe...

Accelerate Action- Thryv champions women in business for International Women’s Day

Thryv® (NASDAQ: THRY), provider of the leading small business software platform, is celebrating International Women’s Day by shining a spotlight o...

Sell by LayBy