The green loan is the latest in the transport operator’s efforts to transition its global bus fleet to 50% cleaner energy vehicles by 2030 and 100% by 2050.
“As a leading multi-modal transport operator, we are keen to drive sustainability through the businesses we operate. This green loan from DBS enables us to advance our sustainability goals, driving positive impact for the environment and the communities we serve,” says Cheng Siak Kian, managing director and group CEO of CDG.
“Transportation is the lifeblood of any economy. However, it is also a significant contributor of greenhouse gas emissions. As a purpose-driven bank, DBS is committed to working with our clients to support their decarbonisation efforts. We are pleased to be partnering ComfortDelGroas they accelerate their fleet transition,” adds Max Lim, managing director and group head of shipping, aviation, logistics and transportation at DBS’s institutional banking group.
As at 10.52am, shares in CDG are trading 3 cents higher or 2.07% up at $1.48.
