04 June 2021
AETOS and DBS today announced the launch of Singapore’s first Electric Vehicle (EV) for Cash and Valuables Escort (CVE) services. The two companies have committed to convert the rest of the seven CVE vehicles to EVs by end-2023, and eventually all 42 of the operational vehicles used by the bank by 2026. This in line with the Singapore government’s announced plans to phase out Internal Combustion Engine vehicles and boost the adoption of EVs by 2040.
CVE vehicles are used to transport corporate cash from DBS/POSB’s branches to a cash processing centre. On average, a single CVE vehicle travels more than 170 km daily. Using an EV instead of an internal combustion engine vehicle reduces carbon dioxide equivalent emissions (CO2e) by up to 47 kg per day – or some 17,100 kg of CO2e a year.
“AETOS is committed to achieving carbon-neutral operations as part of our drive towards sustainability with parent company Surbana Jurong. We strongly believe in working towards safeguarding the environment for future generations. We are glad to collaborate with DBS who supports our long-term goal for sustainability,” said Mr Alfred Fox, Executive Director & CEO of AETOS Holdings.
Commenting on the partnership, Mr Shee Tse Koon, DBS Singapore Country Head said, “As part of our commitment to sustainable development, we have been encouraging partners within our ecosystem to adopt carbon reduction practices, in addition to lowering our own footprint. We are heartened to be working with a partner like AETOS, who has taken concrete and comprehensive steps towards reducing carbon emissions and who shares our vision for a better, more sustainable future.”
In its drive towards EV adoption, AETOS will be installing charging infrastructure at their various operational bases, starting with the first alternative current (AC) charging station at their West Coast premises. Each station is able to fully charge an electric CVE vehicle in under eight hours.
Supporting a holistic effort towards long-term sustainability, other initiatives implemented by AETOS include tracking and monitoring of its operations’ carbon footprint, rolling out electronic waste collection stations, and developing operational working apparel made from sustainable materials for its frontline officers by 2022.
In addition to working with its partners to reduce carbon emissions, DBS is committed to reducing its own environmental footprint as part of its sustainable development agenda. The bank has set targets for its operational carbon footprint to ensure net zero operational carbon by 2022. DBS is also re-designing its 24/7 self-service branches to be more energy efficient, reducing its office paper consumption and growing its solar energy capture spaces. In April, the bank also launched the DBS Green Solutions package which provides a comprehensive range of offerings and privileges so consumers can easily integrate green practices in their daily lives – from within their homes, to their transportation modes, to their payments and purchases.
25 May 2021
In a new donation drive and fundraising initiative held to support local charity Food From The Heart (FFTH), AETOS successfully raised over $8,300 and collected twelve cartons of essential provisions for their food support distribution programmes.
Employees across the organization came together to help needy families by donating funds and staple food items such as rice, cooking oil, and canned goods. Over 50 volunteers also contributed time and effort over the space of two months to help prepare community food packs for distribution at FFTH’s logistics facility.
Food From The Heart provides consistent and sustainable food support to beneficiaries comprising the less fortunate, including families with young children and elderly who live alone.
“We are glad to be able to support Food From The Heart’s mission of providing food security to needy families and individuals in the community – especially given the additional challenges they face during this pandemic. I am heartened by the positive response from our employees and look forward to our collective participation in future initiatives like this,” said Ms Elaine Ong, Assistant Vice President of Corporate Communications and Service Quality.
22 January 2021
We are proud to announce that AETOS Security Management has been named DBS’ Most Valued Business Partner for 2020. Part of the inaugural DBS Supplier Excellence Awards, the title recognizes stellar innovation and flexibility in the adaptation of existing services to meet evolving requirements. AETOS was selected to win this award from a pool of 46 nominees, including both international and local suppliers.
Since 2015, AETOS has provided an integrated suite of security services to DBS, ranging from financial institution protection to ATM replenishment and assets management, and consistently met service level requirements. AETOS has also worked closely with the DBS team to co-create effective solutions for meeting shared goals for security, efficiency, and productivity.
For instance, AETOS conceptualized and implemented several upgrades for its Cash-in-Transit vehicle fleet in consultation with DBS, such as improvements to their security and infrastructure capabilities, contributing significantly to overall operational efficiency. The vehicle fleet will also progressively include electric vehicles in the coming years, as part of an organization-wide push towards greater overall sustainability. This adaptability has been demonstrated in our support for a wide range of projects undertaken throughout our close collaborative partnership.
Mr. Patrick Koh, Vice President of Sales & Marketing of AETOS Holdings said, “We are extremely honoured to be recognised as the recipient of the inaugural DBS Business Partner of the Year Award. This award validates AETOS’ commitment to meeting or exceeding shared goals with DBS, as well as the adoption of innovative products and processes that not only enhanced security, efficiency, and productivity, but are able to meet the ever-changing needs of the future.”