UOB has entered into a partnership with Keppel focusing on sustainability solutions for decarbonisation in Singapore and Southeast Asia.
The duo announced the signing of Memorandums of Understanding to jointly develop a comprehensive suite of sustainability and digitalisation solutions for decarbonisation.
The duo informed that their collaboration will focus on solutions across three sectors, renewable energy, built environment and digital connectivity .
According to the companies, their partnership will utilize UOB’s sustainability and digital transformation financing solutions and tools and Keppel’s expertise in providing solutions in energy optimisation, connectivity and digitalisation.
UOB informed that this is the first time the bank is partnering with such organisation.
Wee Ee Cheong, Deputy Chairman and Chief Executive Officer, UOB, was quoted in a statement, “With both of our collective expertise across multiple sectors, we can help innovate and accelerate the adoption of sustainable practices starting from Singapore, and across the ASEAN region. This strategic partnership with Keppel will provide new pathways for companies across the region to become more sustainable and resilient.”
Similarly, Loh Chin Hua, CEO of Keppel remarked, “Keppel is pleased to partner UOB to offer sustainability solutions which help companies address some of their most pressing needs in their sustainability and digitalisation journey.”