DBS (Taiwan) Supports Net Zero Emissions Program to Reduce Scope 3 Carbon Emissions
What is Power To Change?
One of the projects of Power To Change is the "Energy Prosperity Project", which is DOMI's original net-zero carbon emission and corporate social responsibility project, partnering with enterprises to help them understand the definition and range of scope 1, scope 2, and scope 3 carbon emissions, find out the scope that enterprises need to solve, and jointly discuss a new project to reduce unnecessary resources and carbon emissions of enterprises, and help save money in low-income households affected by energy shortage under climate change. Hoping to use the power of business to reverse the social groups who are affected and unable to adapt to climate change, and at the same time achieve the company's net zero and cost-saving goals.
Taking DBS (Taiwan) as an example, many large and small banking businesses will produce many paper bills every month. Due to the impact of paper bills on the environment, DBS (Taiwan) is committed to promoting the digitization of paper bills. DOMI partners with DBS (Taiwan) to use the money saved by electronic billing to help disadvantaged families who have no money to use energy-saving and safe electrical appliances. In addition to saving huge electricity bills, it also brightens the original dark living environment.
Why We Got in Touch with DBS (Taiwan)?
For the implementation of Power To Change project, DOMI first cooperated with local commercial banks. Through the reduction of paper credit cards and bank bills, we helped many energy-poverty families, improved their living environment, and achieved good results. And we realized that not only local companies in Taiwan, but companies that can help families suffering from poverty far exceeded our expectations.
In the past few decades, DBS (Taiwan) has vigorously supported social innovation and enterprises, prioritized the purchase of social enterprise services and products, and ingeniously integrated social enterprise concepts and services into the banking business. As a multinational bank in Taiwan, DBS (Taiwan) was thinking about how to make a profit and generate social feedback at the same time. By chance, DOMI learned that DBS (Taiwan) spared no effort to give back to society. After exchanging our ideas, we found that our sustainable concepts are very compatible, so we were very honored to invite DBS (Taiwan) to support Power To Change project.
Enterprises Are Joining Power To Change to Create Sustainable Change Impacts
Net-zero carbon emissions and cost reduction benefit disadvantaged groups at the same time
In recent years, many companies have announced that they will achieve net zero carbon emissions by 2050. Reducing carbon emissions in various fields is the key for many industries to achieve net zero carbon emissions by 2050. In particular, paper bills are listed as the third category of carbon emissions of enterprises, and their carbon emissions account for a large proportion of service industries such as banks, postal services, software technology industries, etc.
According to statistics, the carbon emissions of Taiwan's paper bills are 2.3 times that of plastic, and the number of paper bills printed every day can be higher than Taipei 101! Also because of paper bills, six Daan Forest Parks will disappear every year. By saving these paper bills and converting them into digital ones, not only can the trees survive, but also a considerable amount of money can be saved. The saved resources can be invested in social issues that the company cares about. This fund is circular and being reused to maximize the benefits of resources.
Sustainable development within the enterprise
The concept of sustainability does not only stop at the higher level
To promote the sustainable development of the enterprise, the support and understanding of internal employees are vital. However, the reality is that the promotion of sustainable development is only limited to senior executives, and internal colleagues cannot understand the meaning of sustainable development. Power To Change project allows internal colleagues to understand that under climate change, there are a large group of people who are in urgent need of help, and companies do not need to spend huge financial resources and energy, that is, they can initiate social movements that combine their industries and change internal operating processes, and drive the public to use goodwill to help vulnerable groups who cannot adapt to climate change.
Combining the sustainable actions of the industry
The participation of enterprises does not stop at supporting or joining Power To Change. DOMI will accompany the enterprise to build a team-building space and lead internal colleagues to think: in the industry in which the enterprise is, what unique resources that have not been paid attention to before can be saved. And convert the provision to disadvantaged families, or in what aspects the saved funds can help disadvantaged families, so social issues will not be limited to converting paper bills into energy-saving resources, but can be in line with the business of the enterprise, achieving Net Zero within the field of the enterprise and turn it into exclusive resources for vulnerable groups, net zero carbon emissions and social impact will then occur at the same time.
Power to Change Projects Takes First Steps towards Net Zero Carbon
With the promotion of this plan, enterprises can focus more on sustainable development when doing project planning in the future, no longer only the pursuit of profit for the enterprise, but continuing to solve the issue of energy poverty, speaking out for climate change, and changing the constitution of the enterprise. Power To Change project is in line with the Executive Yuan's social innovation action plan (matching the development of large-scale enterprises and social enterprise innovation plans) and concretely implements the corporate social responsibility of listed counter companies. While saving energy and reducing carbon, this project also cares about the situation of disadvantaged groups and rights and interests, enhances the social welfare image of the enterprise, and builds consumers' trust image of reliability and caring.
Improving ESG Orientation and Meeting the Sustainable Development Goals of the United Nations
ESG can be regarded as a company's health check report, which is evaluated internally and externally. Assessing the overall performance of a company is not only about outstanding financial performance, taking good care of employees and shareholders, but also taking on more social responsibilities, not only seeking to expand the scale of the company but also achieving the goal of sustainable development in the long run. Participating in this project is the beginning of what’s mentioned above, a thousand miles begins with a single step. DOMI Earth is willing to work together with the enterprise and assume the social responsibility that the enterprise should have, starting from the energy-disadvantaged families.
GRI Improves Scores in All Aspects
Power to Change project complies with various GRI Sustainability Reporting Standards indicators, the environmental aspect (E) meets 6 major purposes and 14 sub-items, the social aspect (S) meets 4 major purposes and 5 sub-items, governance (G) complies with the 3 major purposes and 7 sub-projects. This plan meets the GRI requirements and improves the scores of each project, which is in line with today's corporate ESG expectations.
Relation to United Nations 2030 Sustainable Development Goals
This project is in line with the 2030 Sustainable Development Goals announced by the United Nations in 2015, including five issues including poverty eradication and climate change mitigation.
SDG 1 End poverty in all its forms everywhere
Replacing old energy-consuming light bulbs helps disadvantaged families save expensive electricity bills, reduce their burden of living, and increase their disposable income.
SDG 7 Ensure access to affordable, reliable, sustainable, and modern energy
Power to Change installs LED light bulbs for disadvantaged families, bringing a bright environment and reducing electricity bills, reducing the living burden caused by high electricity bills for disadvantaged families, enjoying a better quality of life, and igniting the hope of change. Affordable energy for everyone is no longer far away out of reach.
SDG 12 Ensuring Sustainable Consumption and Production Patterns
Encouraging bank consumers to convert paper bills into electronic bills, reduce disposable items, and initiate a wave of consumption awareness of a sustainable economy from the consumer side.
SDG 13 Take urgent action to combat climate change and its impacts
Disadvantaged households reduce carbon emissions by replacing old lighting appliances, reducing electricity consumption, and reducing their impact on the climate. Financial institutions reduce the damage to the environment by reducing paper bills and transforming them into comprehensive financial digitization.
SDG 17 Revitalize the global partnership for sustainable development
This partnership project by DOMI Earth, together with enterprises, supports the digitization of bills, transfers resources to assist energy-disadvantaged families, and exerts greater environmental and social influence.
DBS (Taiwan)-Power To Change Achievements and Impact
Outcome of Families Helped
DBS (Taiwan) partnered with DOMI to deliver the concept of Power To Change to consumers. So far, it has successfully aroused consumer participation, and willingness to change behaviors, switch to electronic bills, or open digital accounts directly. Consumers are very supportive of their banks donating the saved cost from paper bills to the neglected energy-poverty households in society, and helping the poor households install energy-saving LED light bulbs and circuit safety inspections, etc., to save costs and safety.
Starting from all online and offline communication channels for consumers, including EDM, APP, bill inner page printing, website to promotional videos of physical branches, and production of promotional materials... etc., through various forms of communication and sending warmth, consumers could see that: it’s an action with little effort, as long as everyone changes their minds and is willing to switch to electronic bills or directly open a digital account, they can pass the love on, and warmth and care will follow DOMI Earth service actions to reach all vulnerable families who need assistance and improve energy plight.
From DOMI's search for a list of households with actual needs to the successful replacement of energy-saving appliances for each household with a team of professional electricians, DBS (Taiwan) has
Lighted up nearly 511 household
Saving up to 306,600 kilowatt-hours of electricity
Reducing a total of more than 408,800 kilograms of carbon emissions.
(until 2022)
Every family life gets transformed, not only does the home environment light up, but also the hope and touch in the heart light up.
Power To Change project has been deeply supported and has felt touched by DBS (Taiwan) and its customers. From the very beginning of the project discussion to the realization of the project, every customer and colleague can see DBS Bank’s progress towards sustainability. In the future, DBS (Taiwan) will continue to support and give back to the society. The number of households that can be assisted is also increasing due to the response and feedback from the public, and its influence continues to spread.
Feedback and Gratitude from Households
Mama Jiang's Story
Mama Jiang is a mother of three children. In order to save money, she must control the use of electric lights at home. She makes use of the sunlight during the day and lives in a dim environment at night. She confessed that she’s afraid of falling in the dark, it’s also inconvenient to cook or eat. Her children have to do homework in a dark environment, which makes her worried and troubled.
DOMI Earth got in touch with Mama Jiang to go to her residence to install the energy-saving appliance. Mama Jiang was very moved and hoped to express her gratitude through her own story, and hoped that this charity could continue to be promoted.
Appreciation Dinner of Starred Cuisine
DOMI Earth assisted DBS (Taiwan) in planning a thank-you dinner party called "Starred Cuisine", inviting users who transferred electronic bills to enjoy delicious cuisine together, and planned a surprise to thank users for their support with an act of kindness.
In fact, all the meals at the dinner party were prepared by Mama Jiang at the venue early in the morning to thank each customer. Through a small action of switching bills, the participants directly contributed to improving her life. All participants were very surprised and moved upon learning about it, they couldn't believe that this perfect meal came from Jiang's mother who lived a hard life. I also realized that every small action can help the disadvantaged groups in society and lighten the world. The space in their home and the warm hope in their hearts.
Enterprises’ FAQ
We’ve already been implementing e-bills/digital accounts, so why join Power To Change?
DOMI is very happy to see companies that send a large number of paper bills have already been promoting electronic billing. However, the result we observed and discussed with companies is that companies often have to spend a marketing fee to give consumers discounts to encourage switching to electronic bills, for example: convert electronic bills to get free coffee in convenience stores, or reward shopping cash or even lucky draws. We’re not discussing whether these offers are attractive. From the perspective of consumers, they’re highly likely to think that switching to electronic bills is just helping banks save money, so there is no reason to change the habit of using paper bills.
The addition of Power To Change project will not increase the company's marketing expenses. The money saved by converting paper bills to electronic bills will help energy-poverty households in society that are directly impacted by the challenge of climate change. Consumers don’t have to put in extra donations or a lot of effort, just by simply pressing the button [I am willing to convert to electronic bills], and the action of helping the disadvantaged will then happen, saving time for paying bills and helping the society.
On the basis of the Minus-Plus model, not only do companies implement ESG social responsibilities, but also lead consumers to do their part for the environment and society to achieve mutual benefit.
Looking at the process of team members promoting this project, from the attitude where only DOMI cares about the project, through understanding step by step, it becomes promoting “the project that we all care about”, because of seeing the helplessness of the families in need, they emphatically felt the warmth and the value brought to the family, and saw the power that they could have as a DBS (Taiwan) team member, and the social problems that they could help improve.
How to overcome the obstacles that enterprises face in promoting? Let customers and colleagues decide what to execute
The impact of climate change on our living environment in the future and the issue of energy poverty are issues that every individual or enterprise as a citizen of the earth must face. From the perspective of climate change, communicating internally that this project enables enterprises to save energy and reduce carbon emissions, while also caring about the situation and rights of disadvantaged groups, enhances the company's brand social welfare image, and builds the image of trustworthiness and caring towards consumers.
The content of the project can be merged with the business philosophy of the company to implement the goal of sustainable development of the company. A change in the company or department may help a child not have to go to the convenience store to do homework every day or let an old man who lives alone, They will not keep themselves in the dark because they want to save electricity, a light will comfort their body and mind.
Therefore, when the enterprise understands the value of the project, the constitution of the enterprise is also slowly changing, and everyone resolutely joins in with the spirit of thousands of people, contributing to the environment and society.
What are the partnership advantages of Power To Change project?
DOMI Earth cooperates with the two goals of "speeding up the popularization of digital bills" and "resource conversion and utilization to help disadvantaged households solve energy disadvantaged problems". In addition to promoting a social environment of inclusiveness and common good, it is also a model in which enterprises can put the competition aside to jointly solve the social and environmental problems that Taiwan is facing and exert amazing influence. While fulfilling their respective corporate social responsibilities, they also pull the companies to a higher level to jointly face the environmental damage and weak energy problems faced by our living land to jointly transform resources and solve them by hand. Political Commissar Audrey Tang highly affirmed this project: "Power To Change Project" is a good case of social innovation. From zero-sum to the common good, through breakthroughs in technology and business models, creating common benefits for enterprises, society, and environment.”
The innovative and influential business model conceived and discussed with the bank uses the promotion mechanism of digital bills to gather the resources saved by cardholders converting digital bills to help disadvantaged families switch to energy-saving lamps, forming an interactive platform that transmits positive energy. The implementation of corporate society is related to the promotion of social integration. Among them, this model is unique in that it can solve environmental and social problems at the same time. The redistribution of unnecessary waste of resources, not only reduces the abuse of trees felled by paper bills but also stimulates the carbon emissions generated during the billing process. More direct services to families facing energy disadvantages, to create greater social and environmental influence.
Enterprises who are interested in cooperation, please click the button below to fill in the form, let us create social influence together!