SGD 1 billion
Committed up to SGD 1 billion over 10 years to improve lives and livelihoods of the low income and underprivileged.
Sustainability at DBS
While there are many environmental challenges ahead, we have chosen to prioritise action on climate change given the urgency and how it is interrelated with other environmental and societal concerns.
Our commitments to a more sustainable future are wide-ranging. They encompass the way we do business, sustainable practices in our operations, as well as our role in the communities we are a part of.
Net Zero
Commitment as the first Singapore bank to sign up to the Net-Zero Banking Alliance (NZBA) to realise a net zero future by 2050 or sooner.
Sustainable financing
Committed SGD 70 billion in sustainable financing as of December 2023.
Our progress to date
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Announced our support for the TCFD
Developed our Green Bond framework in accordance with The Green Bond Principles and issued our inaugural green bond
Developed our Group Responsible Financing Standard, outlining the ESG requirements for corporate financing
Became a signatory to RE100, the global renewable energy initiative
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Issued our first standalone sustainability report including climate-related disclosures according to the TCFD recommendations
Ceased financing new thermal coal mining projects
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Adopted the Equator Principles as part of our efforts to promote responsible financing
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Published our Sustainable and Transition Finance Framework and Taxonomy that forms the bedrock for DBS to engage with clients who are furthering their sustainability and climate agenda
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Announced our sustainable financing target to SGD 50 billion by 2024
Committed to phase out thermal coal exposure completely by 2039
Set up Climate Impact X, a Singapore-based global carbon exchange and marketplace
Actively reducing carbon footprint in our own operations to net zero by 2022
Joined the Net-Zero Banking Alliance to commit to net zero by 2050 or sooner
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Achieved carbon neutrality in our own operations
Committed SGD 61 billion in sustainable financing loans
Established Human Rights and Diversity, Equity & Inclusion policy
New Community Impact Chapter established under DBS Foundation
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Committed SGD 70 billion in sustainable financing
Achieved green mark platinum for > 80% of manned retail branches in Singapore
Launched Women Leadership Programme to build and sustain our community of senior women leaders
Committed up to SGD 1 billion over 10 years to improve lives and livelihoods of the low income and underprivileged
Our Path to Net Zero
Addressing climate change requires collective efforts.
To cement our net zero commitment we have established the very first set of targets for our Scope 3 financed emissions attributable to us as a bank. These targets will guide us on strategically channelling financing away from high-emitting activities towards low-carbon alternatives.
They also represent one of the most comprehensive sets of targets in the global banking industry thus far.
Learn MoreOur Solutions
Enabling our customers and stakeholders to take sustainable action has been at the front and centre of our innovative solutions.
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Corporate Solutions
No matter your company’s size, find a financing solution that can steer your business and its impact in the right direction.
Sustainable Investing
Make influential investments that strengthen support for businesses and portfolios reaching for a greener future.
Green Solutions for Consumers
Each of us can take action to impact change. We have solutions to empower you to live sustainably every day.
Impact Beyond Banking
In 2023, we committed up to SGD 1 billion over the next 10 years to improve lives and livelihoods of the low-income and underprivileged, and foster a more inclusive society. The bank will deploy up to SGD 100 million each year in Singapore and its other key markets with effect from 2024.
DBS Foundation
At DBS Foundation, we are committed to supporting vulnerable segments so that those with the fewest resources are not denied the opportunity to improve their circumstances and face the future with confidence.
We believe that when their essential needs are cared for – food on the table, a warm bed, and a healthy mind and body – they can look forward to what lies ahead. When they are equipped with financial and digital literacy skills, they can access opportunities to get ahead. In addition, we champion purpose-driven enterprises and invest in those that are dedicated to helping the less fortunate.
Through catalytic philanthropy, and in partnership with those who care, we can drive change, create impact, and build a better world.
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Awards and Recognition
FTSE4Good
Global Index
2017 - 2023
Bloomberg Gender Equality Index
Constituent
2018 – 2023
Euromoney
World’s Best Bank for Corporate Responsibility
2023
Global Finance
Outstanding Leadership in Transition/ Sustainability-linked Loans
2023
ASEAN
Rural Development and Poverty Eradication (RDPE) Leadership Awards
2023