DBS launched the world’s first Sustainable and Transition Finance Framework and Taxonomy[1] in 2020 and became the first Singapore bank to offer Transition Financing. This forms the bedrock for DBS to engage with clients who are furthering their sustainability agenda. The taxonomy serves as a reference to guide clients to adapt and build resilience in the face of climate change, resource scarcity, and address critical global issues such as social inequality. After serving as a green consultant for CSSC Shipping and Minmetals Land Limited, DBS has once again been appointed as a green consultant for corporate financial projects, demonstrating our expertise in sustainable development and green financing.
China Lesso is a leading large-scale industrial group that manufactures building materials and interior decoration products in mainland China. China Lesso capitalizes on China’s environmental protection initiatives, and devotes efforts in related projects such as municipal sewerage system, river treatment, soil remediation, integrated underground pipeline utility tunnel, sponge city, installation of integrated water purifiers, investing in all aspects of ecological and environmental protection.
Alex Cheung, Managing Director and Head of Institutional Banking Group at DBS Hong Kong, said, "DBS as a purpose-driven bank, has relevant innovative sustainable financing solutions to help our clients making a distinctive and substantial improvement in the low-carbon development and environmental protection industry, ensuring our business can create positive social and environmental impacts."
Mr. Luo Jianfeng, Executive Director of China Lesso, said “China Lesso always cares about environmental protection and expedites the development of its environmental protection business. In the future, we will give full play to our technological advantages in this industry. We aspire to rank among China’s top, large environmental companies.”
China Lesso has a long-term partnership with DBS both in China and overseas. DBS has a deep understanding on China Lesso’s vision on sustainability goals. As we continue to deepen our partnership, we are confident that we would be able to make preeminent contributions to the realisation of China’s target of hitting peak carbon emissions by 2030 and attaining carbon neutrality by 2060, and other ecological protection initiatives.
[1] DBS launches world’s first sustainable and transition finance framework and taxonomy to help clients advance on sustainability agenda: https://www.dbs.com/hongkong/newsroom/DBS_launches_worlds_first_sustainable_and_transition_finance_framework_and_taxonomy_to_help_clients_advance_on_sustainability_agenda
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About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 12 consecutive years from 2009 to 2020. DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia. With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
About China Lesso
China Lesso is a leading large-scale industrial group that manufactures building materials and interior decoration products in mainland China. China Lesso is one of the constituent stocks of the Hang Seng Composite MidCap Index and is a stock eligible for trading through the Hong Kong Stock Exchange’s Stock Connect and MSCI China index. After more than 30 years of rapid development, China Lesso has evolved into a leader in the industry of building materials and interior decoration products. It provides high-quality products and services such as plastic piping, building materials and interior decoration, environmental protection, and operates a supply chain service platform.
Currently, China Lesso has established over 30 advanced production bases in 18 provinces of China and in foreign countries. China Lesso has established a nationwide sales network and has also developed long-term strategic partnerships with 2,512 independent and exclusive first-tier distributors that enable timely and efficient supply of comprehensive, quality products and professional services to customers. As an integrated manufacturer of a comprehensive range of building materials and interior decoration products, China Lesso provides over 10,000 types of quality products, which are widely applied to such fields as interior decoration, civil architecture, municipal water supply, drainage, electric power transmission, telecommunication, gas supply, fire services, environmental protection, agriculture and marine aquaculture. For more information about China Lesso, please visit www.lesso.com.
