Sustainability at DBS is focused on three main areas of action.
As a responsible business, we aim to deliver innovative, forward-looking products and services in a fair and responsible manner.
We achieve this through proactive initiatives, such as:
Within our own operations, we believe in making sure that our practices and processes remain responsible and resilient against macroeconomic, social and environmental pressures, while investing in our people and seeking to influence our partners and suppliers towards becoming more sustainable.
These are our areas of focus:
We recognise that a good business is one which goes beyond dollars and cents to create positive impact for society and the environment, and together, we can build a more resilient and prosperous future.
Learn more about some of our initiatives:
To truly make a difference, we believe in creating measurable impact. The DBS approach to sustainability is guided by six of the United Nations’ (UN) Sustainable Development Goals (SDGs).
These were chosen according to where we believe we can make the most impactful contributions, taking into account our sustainability strategy, the markets we operate in and our businesses. The UN SDGs, adopted in 2015 as part of the 2030 Agenda for Sustainable Development, are internationally accepted as targets that aim to end poverty, protect the planet and ensure that all people enjoy peace and prosperity.
The Board has overall responsibility for sustainability and considers environmental, social and governance (ESG) matters in the formulation of our strategy. ESG matters that are material to value creation are integrated into our balanced scorecard which is used to set objectives, drive behaviours, measure performance and determine remuneration of our people. The scoreboard is updated yearly and approved by the Board.
The Board delegates the execution of DBS’ strategy to the CEO, who heads the Group Executive Committee and is responsible for managing DBS’ day-to-day operations.
The DBS Sustainability Council, chaired by the Chief Sustainability Officer and comprising senior leaders across business and support units, reports to the CEO. It is responsible for developing DBS’ overarching sustainability framework, setting key performance indicators (KPIs) and targets in consultation with the relevant stakeholders, and driving sustainability initiatives across the bank. The Council also advises the CEO on material ESG matters which contributes to DBS’ overall materiality assessment. This in turn informs the Board’s strategic planning. The council meets monthly and provide periodic updates to the CEO, Group Management Committee and the Board.