Task Force on Climate-related Financial Disclosures
DBS supports the voluntary recommendations of the industry-led Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD). The recommendations advocate disclosing clear, comparable and consistent information on climate-related risks and opportunities. The widespread adoption by investors, banks and others would lead to efficient capital allocation and low carbon economy transition.
DBS’ support was announced on the second anniversary of the Paris Agreement at the One Planet Summit, convened by French President Emmanuel Macron to "take further action on climate, notably on the financial front”.
Through this initiative, DBS joins over 500 leading corporations who have expressed their support for better disclosures of climate-related risks and opportunities.