Mumbai (India CSR)I DBS Foundation, with its continuous focus on sustainability, has awarded grants to three Social Enterprises through its Social Enterprise Grant Programme. This organisations are working towards diverse social impact areas. Recity Network focuses on sustainable waste management, Trestle Labs is actively redefining the education space, and Jovaki Agro Food aims to empower tribal women.
DBS Foundation’s vision is to nurture businesses working towards good. The Social Enterprise Grant Programme evaluates a long list of applicants and awards the most promising and impactful organisations to help them scale and create impact. Each of the grant winners receive grant money over two years.
Apart from the financial support from DBS Foundation, the businesses will receive support towards achieving their growth plans, including skills training and capacity-building, opening doors to external networking, business, and funding opportunities.
DBS Bank is committed to doing business responsibly and sustainably while reducing its environmental footprint and creating social impact beyond business, the bank said.
According to a statement, DBS Foundation identifies, supports, and fuels the scaling up of innovative growth stage enterprises driving positive social change through their products and services. It also intends to create a purpose-driven social entrepreneurship community in Asia to establish meaningful connections and foster collaborations to make the world better.
At the onset of the pandemic in 2020, DBS created the SGD 10.5 million DBS Stronger Together Fund and provided 4.5 million meals and care packs, as well as medical supplies, to help communities hard-hit by Covid-19. DBS also has an active volunteerism programme, with employees contributing 100,000 volunteering hours and reaching out to over 390,000 beneficiaries in 2021 alone.
