Terrascope Partners With DBS Bank, ERM and Workiva On Decarbonisation

DBS will leverage Terrascope’s smart carbon measurement and management platform to empower large corporates and small & medium enterprises (SMEs) with the data and expertise to decarbonise

Terrascope Partners With DBS Bank, ERM and Workiva On Decarbonisation
Terrascope also helps large enterprises manage emissions across their operations and supply chains Photo by Lily Banse / Unsplash

Terrascope, a smart carbon measurement and management platform, announces strategic partnerships with DBS Bank Singapore, Workiva, and ERM to offer large enterprises a connected solution to drive and scale decarbonisation across their business operations and supply chains.

By bringing together the ecosystem of real economy stakeholders, financial institutions, reporting platforms, and sustainability consultants around a common software platform, Terrascope will enable the collaboration between internal teams and external expertise needed for enterprises to translate high level targets into specific decarbonisation action plans.

This ecosystem of partners will provide companies with end-to-end decarbonisation solutions, accelerating their journey to Net Zero. Since its commercial launch in June 2022, Terrascope has scaled across Agriculture, Food and Beverages, Industrial Manufacturing, Luxury Goods, Transportation and other categories all over the world.

“Accurate carbon measurement is just the first step of the decarbonisation journey. Terrascope also helps large enterprises manage emissions across their operations and supply chains. We are enhancing emissions management by bringing together experts with complementary strengths across the ESG ecosystem such as DBS Bank Singapore, Workiva, and ERM, to create end-to-end decarbonisation solutions for enterprises on their path to Net Zero,” says Maya Hari, CEO, Terrascope.

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The partnership between DBS Bank and Terrascope is aimed at timely and accurate carbon emissions measurement and management, to better assess the bankability of clients, and accelerate sustainable financing flows in Singapore and other markets in which DBS Bank operates.

“DBS is committed to achieving scale without compromising the integrity of sustainable finance. Terrascope will help our customers gain a more accurate and comprehensive picture of their carbon footprint, and enable DBS to provide financing to advance their decarbonisation journeys,” Yulanda Chung, Head of Sustainability at Institutional Banking Group, DBS Bank.

ERM, a pure-play sustainability advisory firm that advises corporates and financial institutions on sustainability, climate change, product stewardship, low carbon economy transition, and a number of other ESG related services, has also partnered with Terrascope to help large enterprises explore the right course of action once they’ve identified hotspots contributing to the highest emissions.

“ERM continues to play a critical role in advancing the region’s decarbonisation journey, working in partnership with our clients to address operationalising sustainability for our customers, underpinned by our deep technical expertise in addressing their environmental, health, safety, risk, and social challenges. The collaboration with Terrascope will pave the way for customers to better understand their carbon emission to effect smarter carbon measurement and management, as we help journey towards a low carbon economy,” Mark Errington, Chairman, Asia Pacific, ERM.

Workiva Inc., with its leading cloud platform for regulatory, financial and ESG reporting, has partnered with Terrascope to make the collaboration between ESG, audit, and financial reporting teams seamless.

"Businesses are under increasing pressure to provide clear, consistent and comparable sustainability data to regulators, investors and the community they serve.

"Large enterprises must therefore be more agile than ever, leveraging an ecosystem of fit-for-purpose solutions to streamline their reporting processes. Workiva’s end-to-end, audit-ready platform for collection, assembly, and reporting of financial and non-financial data is complemented by Terrascope’s ability to help enterprises measure and manage their carbon emissions.

"Together, we can provide confidence to large enterprises to make the right decisions on decarbonisation and deliver reports that can be trusted,” says Erik Saito, Senior Vice President & General Manager, EMEA and APAC at Workiva.