DBS Bank's family day offers support for social enterprises
The China Post news staffTAIPEI, Taiwan -- DBS Bank (Taiwan) coordinated with social enterprises to hold its Social Enterprises Fair family day to increase awareness of social enterprises, according to a press release.
August 13, 2013, 12:05 am TWN
Around 1,300 staff members and their family and friends participated to show their support and hope that social enterprises can sustain their operations, the company said.
Social enterprises are companies endeavoring to tackle social and environmental issues, such as by providing environmentally friendly products and services or by offering employment for the disadvantaged. Social enterprises differ from conventional nonprofit organizations in that they do not rely on donations but are self-sustained and profitable, said DBS.
Jerry Chen, general manager of DBS Bank (Taiwan), said that the bank combined its regular family day with social enterprises. The event took place at Sun Yat-sen Memorial Hall. Among those who turned up to show their support were employees, friends and family members, said Chen.
The Social Enterprise Fair was held by DBS Bank, Taiwan Social Enterprise Innovation and Entrepreneurship Society and was executed by 17 Support. The Social Enterprise Fair has three main sections: social enterprise market, hands-on activities and stage performance.
Chen believes this event provided a great opportunity for employees to fully understand social enterprises not only by volunteering at the booth to assist with product selling but also understand the core values of social enterprises.
DBS Bank is actively collaborating with three social enterprises: Dialogue In the Darkness, O-Power and Victory Potential Development Center for the Disabled, the company said.
DBS Bank specifically designated social enterprise savings accounts feature a favorable interest rate of 0.6 percent for deposits between NT$5 million and NT$100 million, with reduced transaction fees, said DBS.