DBS Bank tops Debtwire Asia Pacific (ex Japan) Loans League Table for green and sustainability-linked mandated lead arranger | 繁體

Hong Kong.11 Jan 2022.3 min read

Extended USD 4.86 billion in green and sustainability-linked loans in 2021 to support companies in advancing corporate sustainability

Hong Kong, 11 Jan 2022 -

DBS Bank has ranked first in Debtwire’s Asia Pacific (ex Japan) loans league table for its role as Green and Sustainability-Linked Mandated Lead Arranger (MLA) for the full year 2021. This is the second consecutive year DBS has come out top of the ranking.

According to the league table, during this period, DBS extended USD 4.86 billion worth of green and sustainability-linked syndicated and club loans across 40 deals to finance the roll-out of green and transition strategies such as the promotion of renewable energy projects, green buildings and decarbonisation measures. This is almost double 2020’s figure of USD 2.53 billion across 16 deals. The projects funded aim to address key areas of environmental concern such as climate change, natural resources depletion and loss of biodiversity, among others.

For instance, to reinforce its commitment to support the transition of transportation towards a low carbon mobility future, DBS provided Toyota Financial Services Singapore (TFSSG), a subsidiary of the financial services arm of Toyota Motor Corporation (Toyota), with a SGD 150 million transition loan to grow its Electrified Vehicle sales in Singapore. In Hong Kong, the bank also provided Kwoon Chung Bus Holdings Limited with a HKD 348 million sustainability-linked loan, the first for the company, to support their effort to ensure no less than 70% of their bus fleet will be more environmentally friendly in the next five years. In China, DBS inked a RMB500 million green supply chain financing contract with Huaneng Tiancheng Financial Leasing Co. Ltd., to provide financial leasing services for renewable energy projects to facilitate China's clean energy sector.

Mr Alex Cheung, Managing Director and Head of Institutional Banking Group of DBS Hong Kong, said, “This achievement speaks of DBS’ commitment as a purpose-driven bank to help companies generate long-term value while contributing to the United Nations Sustainable Development Goals. Being one of the largest capital allocators in the world, banks have a responsibility to ensure that capital is channelled to advance sustainability goals.”

To drive further sustainable progress, DBS advocates scaling up transition finance[1] and supporting clients to adopt incremental but instrumental solutions to reduce their carbon footprint – all of which are necessary to broaden and deepen the market.

Last year, DBS raised its sustainable finance target to SGD50 billion by 2024, accelerating its sustainability agenda to help customers incorporate sustainable business practices into their overall business strategy. DBS has also committed to ensuring net zero operational carbon emissions across the bank by 2022 and continues to reduce the bank’s carbon footprint while advancing its sustainable procurement agenda.

APPENDIX

2021 Debtwire Loans League table for Asia Pacific (ex Japan): Green and Sustainability-Linked Mandated Lead Arranger

Rank

Bank

Volume (USD m)

No. of deals

Market share (%)

 

 

1

 

DBS Bank

4,861

40

6.29

2

 

ANZ Bank

 

4,729

30

6.12

 

3

 

Sumitomo Mitsui Banking Corp

4,599

40

5.95

 

4

 

HSBC

4,415

38

5.71

 

5

 

Mizuho Bank

4,089

28

5.29

 

6

 

National Australia Bank

3,480

16

4.50

 

7

 

Oversea-Chinese Banking Corp

3,190

24

4.13

 

8

 

United Overseas Bank

2,720

24

3.52

 

9

 

Bank of China

2,712

30

3.51

 

10

 

MUFG

2,521

30

3.26











































































Source: Debtwire Par

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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 13 consecutive years from 2009 to 2021.

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.

[1]https://www.dbs.com/newsroom/DBS_launches_worlds_first_sustainable_and_transition_finance_framework_and_taxonomy_to_help_clients_advance_on_sustainability_agenda

Sustainability