PSA International Pte Ltd has entered into a Memorandum of Understanding (MoU) with the RHT Group of Companies to explore co-creation and investment in Environmental, Social, and Governance (ESG) digital assets solutions to further advance the goals of decarbonisation in ports and supply chains.
The global port operator, PSA said that the agreement indicates its interest in partnering industry and technology players that can drive progress across the ESG factors.
PSA has recently announced several actions towards the decarbonisation of the industry with the launch of its first Sustainability Report 2020 and the partnership with Ocean Network Express (ONE) aiming to reduce maritime environmental footprint.
The new collaboration with RHT will be augmented by PSA’s corporate venture capital arm, PSA unboXed, which would add capability to initiatives and projects engaging startups.
The MoU partners will jointly ideate and explore collaboration on potential ESG products and solutions that serve PSA’s identified priorities and have a positive impact on global decarbonisation efforts.
“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,” commented Eddy Ng, Head of Group Commercial & Supply Chain Sustainability Solutions at PSA.
The Singapore headquartered integrated professional services company, RHT will advise PSA on the workings, considerations and opportunities of digital asset structuring, distribution, tokenisation, trading, investor relations, public relations, intellectual property protection and commercialisation for ESG solutions.
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, according to an announcement.
Jayaprakash Jagateesan, CEO of RHT AlDigi Financial Holdings and Executive Director of SDAX, said, “We combine our 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.”
