DBS Group Holdings Ltd
Annual Report 2022
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More like a
sustainability
champion,
less like
a bank
DBS continued to advance the sustainability agenda across our three pillars of responsible banking, responsible business practices and impact beyond banking.
1
1
First bank in Southeast Asia to announce landmark set of decarbonisation commitments
In our journey to be net-zero in our financed emissions by 2050, we were the first bank in Southeast Asia to announce a landmark set of decarbonisation commitments. These commitments are covered in our report “Our Path to Net Zero – Supporting Asia’s Transition to a Low-carbon Economy”. The report details our decarbonisation and data coverage targets across nine sectors, including power, oil and gas, shipping and real estate. With the range of sectors covered, DBS' commitment is among the most comprehensive and ambitious among global banks.
2
2
Harnessing technology to unlock access to credit
A partnership between DBS India and Home Credit India provides joint-financing solutions to help unlock access to credit for underserved borrowers. Technology enables a better customer experience via an automated and paperless process. Approximately 41,500 loans have been disbursed.
3
3
First net-zero building by a bank
We opened Singapore's first net-zero building by a bank, DBS Newton Green. By retrofitting the 30-year-old building, we extended its lifespan. New technologies and creative design strategies were deployed to reduce energy consumption as much as possible while maximising the building's capacity to generate its own renewable energy.
4
4
New café concept to entrench sustainability ethos among employees
We unveiled DBS Better World café, an employee café which aims to inspire Team DBS to do their part for a more sustainable world. The café incorporates a host of sustainability features in the fabric of its operations. These include a sustainable kitchen which uses locally-sourced ingredients, the hiring of disadvantaged individuals and the deployment of food composting stations for employees to dispose of their food scraps.
5
5
DBS Foundation new grant awardees
DBS Foundation committed SGD 3 million in grants to 15 social enterprises and eight SMEs, enabling them to create greater impact across social and environmental areas. The 23 awardees aim to impact two million lives, reduce greenhouse gas emissions by 319 tonnes and reduce 132,000 tonnes of food waste.
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6
DBS Foundation commits SGD 5.6 million to foster a more inclusive society
The new Community Impact chapter of DBS Foundation aims to foster a more equitable and inclusive society. A total of SGD 5.6 million was committed towards 10 inaugural programmes across DBS’ core markets of Singapore, China, Hong Kong, India, Indonesia and Taiwan. Signature programmes include those which will equip beneficiaries with digital and financial literacy skills.