Bank DBS Indonesia presents Batavia Global ESG Sharia Equity USD, a sustainable investment instrument | Bahasa

Indonesia, 19 Jan 2021 - Bank DBS Indonesia is committed to sustainability practices in business. One of the pillars of sustainability is responsible banking by providing sustainability financing through collaboration and partnerships to build portfolios and integrate environmental management (Environmental), Social, and Governance (ESG). ESG is focused on creating attractive opportunities, optimising potential returns in the long term, and minimising the risk of investment in controversial businesses such as alcohol, nuclear energy, arms, etc. In view of investors’ high interest in similar investments in recent years, Bank DBS Indonesia presents Batavia ESG Global Sharia Equity USD, a sharia-based offshore equity fund that is aligned with ESG principles. The product complements a comprehensive range of investment products to meet customer needs in managing and developing their wealth.

The implementation of the ESG principles has brought about positive social change in three distinct areas: Environmental focuses on clean energy management and production as well as good waste processing. Social pays attention to workplace culture, workers' rights, as well as customer and community relations. Meanwhile, Governance focuses on company management and operations, including business ethics and financial accountability. Bank DBS Indonesia supports the implementation of ESG by offering a Sustainable and Responsible Investment (SRI)-theme mutual fund in rupiah since three years ago.

"Since the beginning of 2020, the Covid-19 pandemic has posed a challenge to nearly all sectors, including the economy and banking industry. Nevertheless, there is a growing appetite for investment among Indonesians, particularly Ultra High Net Worth Individuals (UHNWI). In view of the fact, Bank DBS Indonesia continues to strive to provide financial solutions that suit their needs, especially given the current investment climate. Today, together with Batavia Prosperindo Aset Manajemen, we introduced the latest investment instrument, Batavia ESG Global Sharia Equity USD, which will be available to customers starting January 27, 2021. Batavia ESG Global Sharia Equity USD underlines Bank DBS Indonesia's commitment to realising its sustainability mission and complementing offshore sharia investment solutions for our customers," said Executive Director, Wealth Management Talent Rotation, PT Bank DBS Indonesia, Koh Keng Swee.

"Batavia Global ESG Sharia Equity USD offers a range of benefits to customers, including optimised returns that are consistent with sharia-based investment that is combined with the ESG principles, bringing a positive impact on society and the environment. The fund is managed by BlackRock as Technical Advisor notable for its advanced technology and global resources. The product could be an option for customers to invest in the new normal era and in line with global trends in ESG that is proven to offer optimal long-term returns and more resilient to (economic) turbulence and crisis," said President Director of PT Batavia Prosperindo Aset Manajemen, Lilis Setiadi.

 

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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. 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 SG50 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. The bank acknowledges the passion, commitment and can-do spirit in all of our 29,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.