Sustainable Development Goals

In September 2015, the United Nations announced a set of 17 Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure that all people enjoy peace and prosperity as part of the 2030 Agenda for Sustainable Development. Shortly after, the Paris Agreement on climate change was adopted by 195 countries, underscoring the need to limit the rise of global temperatures.

At DBS, we believe that we have a role to play in promoting sustainable development, including the transition to a low carbon economy. Building on our heritage as the former Development Bank of Singapore, and POSB’s mission as the “People’s Bank”, we have chosen to focus on four SDGs where we believe we can make the most impactful contributions. This takes into account our sustainability pillars, the markets we operate in and our businesses.

To measure our contribution to sustainable development, we have set targets based on the 2030 targets and indicators of the four SDGs we have chosen to focus on.

DBS sustainability pillars 2030 targets Related SDGs
Promote investment in clean energy technology
Influence our customers towards sustainable management and efficient use of natural resources
Improve education, awareness-raising and human and institutional capacity on climate change mitigation, adaptation and impact reduction
Encourage and expand access to banking, insurance and financial services
Substantially increase the share of renewable energy in our energy mix and drive improvement in energy efficiency
Substantially reduce our waste generation through prevention, reduction, recycling and reuse
Improve institutional capacity on climate change mitigation, adaptation and impact reduction within our own operations
Support productive activities, decent job creation, entrepreneurship, creativity and innovation
Achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value
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