SGD 100 million
Additional funding of SGD 100 million to further improve lives in Asia.
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.
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.
Target year to achieve net zero carbon emissions from our own operations.
Additional funding of SGD 100 million to further improve lives in Asia.
Announced our support for the TCFD
Developed the 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
Issued our first standalone sustainability report including climate-related disclosures according to the TCFD recommendations
Ceased financing new thermal coal mining projects
Adopted the Equator Principles as part of our efforts to promote responsible financing
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
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
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 MoreEnabling our customers and stakeholders to take sustainable action has been at the front and centre of our innovative solutions.
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No matter your company’s size, find a financing solution that can steer your business and its impact in the right direction.
Make influential investments that strengthen support for businesses and portfolios reaching for a greener future.
Each of us can take action to impact change. We have solutions to empower you to live sustainably every day.
Together, we can create impact, improve lives and enable change.
To further address social and environmental issues, we have committed an additional SGD 100 million in 2022 to further our efforts in improving lives in Asia. The funds will go towards catalysing the work of the DBS Foundation, as well as the bank’s various philanthropic and crisis relief measures.
DBS Foundation is focused on creating impact and improving lives through championing social entrepreneurship and preparing communities for the future.
Through its Business for Impact chapter, DBS Foundation focuses on championing businesses and social enterprises with a triple bottom line.
Learn MoreDBS Foundation expanded its scope with a new chapter to prepare communities for the future by equipping them with future-ready skills such as digital & financial literacy and mental resilience, as well as reducing food waste towards a more food secure future.
Learn MoreFTSE4Good
Global Index
2017 - 2022
S&P Sustainability Yearbook
Bronze Member
2021 – 2022
Webby
Anthem Awards1
2021
Financial Times
Innovative Lawyers2
2021
SEAL
Business Sustainability Award
2021
1. Bronze Winner - Sustainability, Environment and Climate: Campaign - Brand (SPARKS S2)
2. In-House Legal Teams: Innovation in ESG Leadership APAC