Sustainability Commitments and Memberships

We are better able to drive credible action when we play a meaningful role in the global sustainability community.

Our commitments and memberships allow us to access breakthrough ideas and be apprised of the latest solutions.

Disclosure and Transparency

Global Reporting Initiative (GRI) Technical Committee

DBS sits on the global GRI Technical Committee and supports the development of the banking standard, which includes identifying material topics such as climate and nature. DBS is the sole representative from Asia Pacific.

Gprnt

DBS partners with Gprnt, Singapore’s national sustainability reporting utility, to help SMEs automate emissions data collection and reporting to their corporate clients.

International Sustainability Standards Board (ISSB)

DBS is an active supporter of ISSB, and we hosted ISSB’s global Preparer Readiness Training in Singapore to support capacity building for companies.

Sustainability Standards Committee

DBS is a member of the Sustainability Standards Committee, which was established to prepare for Singapore’s climate reporting and assurance regime by the Accounting and Corporate Regulatory Authority (ACRA).

Taskforce for Nature-related Financial Disclosures (TNFD) Forum

DBS is a member of the TNFD Forum whose members support the work of the taskforce by providing technical expertise and practical experience.

Responsible Banking

China Green Finance Committee

The GFC was established in 2015, under the guidance and support of the People’s Bank of China. The GFC and its members support policy research and facilitate international cooperation on green finance. DBS Bank China joined the GFC as an official member in 2022.

Equator Principles (EP)

A risk management framework adopted by financial institutions on environmental and social risks in project financing.

DBS signed up to the principles in 2019.

Glasgow Financial Alliance for Net Zero (GFANZ)

DBS supported GFANZ on several initiatives and its report on “Catalysing Climate Action: Emergent Asia-Pacific Case Studies of Financial Institutions’ Net-zero Transition Plans” where we shared how DBS uses Artificial Intelligence (AI) to enhance the climate and ESG risk assessment process in the bank.

Green Investment Principles for the Belt and Road (GIP)

DBS is the co-chair of the Transition Finance Working Group which aims to aid financial institutions to support clients’ transition journey and works with the disclosure working group to discuss transition finance from a disclosure perspective. DBS has adopted the voluntary principles to promote green investment in projects in the Belt and Road countries.

Green Skills Committee, convened by the Ministry of Trade and Industry (MTI)

DBS is a member of the Green Skills Committee (GSC), which is convened by the Ministry of Trade and Industry (MTI). The GSC aims to support the development of skills in line with evolving industry needs, as Singapore moves towards a sustainable, lower-carbon economy.

Monetary Authority of Singapore (MAS)

DBS actively participated in several MAS projects and working groups, such as on managed coal phase out. We have committed to being a partner in the MAS-convened project, the Transition Credits Coalition (TRACTION). The project aims to explore the creation of credible, high-integrity transition credits to support the managed and early phase out of coal power plants.

Climate Impact X

DBS is a founding shareholder and board member, we support the development of markets to trade environmental products, including carbon credits from nature-based solutions such as reforestation, conservation, and regenerative agriculture.

Others

DBS Group

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Awards