The Board of Directors has overall responsibility for sustainability at DBS and considers environmental, social and governance (ESG) matters in the development of the Group’s 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.
The CEO heads the Group Executive Committee (EXCO) and the Group Management Committee. He oversees the execution of DBS’ strategy and is responsible for managing the day-to-day operations.
The DBS Sustainability Council, which comprises 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 regular updates to the CEO, Group EXCO and the Board.