Our Sustainability Approach
Our approach to sustainability is guided by a sense of purpose: to create value for the long term, by managing our business and ESG risk in a balanced and responsible way. This approach is based on our three sustainability pillars, which allow us to engage with all our stakeholders toward our climate goals. As a member of the United Nations Global Compact, we have chosen to focus on six SDGs.
Our responsible banking practices support our customers’ transition towards lower-carbon business models, enhance their access to ESG investments, and deliver customised retail solutions to meet their specific needs.
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We believe in doing the right thing by our people and embedding environmental and societal factors in our business operations.
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We seek to be a force for good by championing social enterprises – businesses with a triple bottom line – and supporting community causes such as those that are driving positive environmental and social impact.
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Our Path to Net Zero
Addressing climate change requires collective efforts. DBS is playing our part in helping to combat climate change as the first bank in Singapore to sign up to the Net-Zero Banking Alliance (NZBA). We are also the first in Southeast Asia to publish a set of targets for our Scope 3 financed emissions attributable to us as a bank – one of the most comprehensive set of targets in the global banking industry thus far.
Decarbonisation targets have been set for seven sectors: 1) Power, 2) Oil & Gas, 3) Automotive, 4) Aviation, 5) Shipping, 6) Steel, and 7) Real Estate. Data coverage targets have also been set for two sectors: 1) Food & Agribusiness and 2) Chemicals, paving the way for future emission reduction targets.
Learn MoreGovernance
Sound governance ensures that we maintain our focus and measure the risks and opportunities appropriately as we strive towards sustainability. We established our Board Sustainability Committee in 2022 – the first by a Singapore bank.
The board is chaired by DBS CEO Piyush Gupta and its members comprise current DBS board members Chng Kai Fong, Judy Lee, Tham Sai Choy, David Ho, as well as global sustainability expert Ben Caldecott.
Piyush Gupta
Chairperson
Ben Caldecott
Board member
Chng Kai Fong
Board member
Judy Lee
Board member
Tham Sai Choy
Board member
David Ho
Board memberMemberships and Commitments
Being a part of dedicated global communities made of like-minded changemakers allows us to have a robust exchange of ideas and be apprised of the latest solutions.
