Decarbonising digitally

PSA International Pte Ltd has entered into a Memorandum of Understanding with the RHT Group of Companies to explore co-creation and investment in Environmental, Social, and Governance (ESG) digital assets solutions, including blockchain.

“This MoU supports PSA’s ongoing commitment towards building a more sustainable port and supply chain ecosystem. In this collaboration, we will draw on our collective expertise to further PSA sustainability initiatives for supply chain partners and users,” said Eddy Ng, Head of Group Commercial & Supply Chain Sustainability Solutions, PSA.

Expertise

The partners plan to combine their expertise across sustainability, corporate and digital finance, intellectual property, blockchain and digital asset trading to deliver consultancy and tokenisation services, as well as a regulated exchange platform to support PSA’s efforts.

In addition, RHT’s team of sustainability consultants will also advise on value creation strategies while digital asset exchange SDAX will advise on the listing of digital assets on its platform.

The collaboration will be augmented by PSA’s corporate venture capital arm, PSA unboXed, adding capability to initiatives and projects engaging startups.

PSA developed its sustainability strategy framework in 2020.

Entitled ‘Green Horizons: Enabling a Better World Through Sustainable Port and Supply Chain Solutions’, the framework is based on a rigorous assessment of the environmental, social and governance (ESG) factors that are material to its business, customers and all other stakeholders.