In 2012, underlining our commitment to sustainability and multi-stakeholder value creation, DBS was the first Singapore bank and listed Southeast Asian company to apply the International Integrated Reporting Framework in communicating the way we create value across multiple stakeholder groups.
DBS was also the first Singapore bank to adopt the Global Reporting Initiative (GRI) G4 Sustainability Reporting Guidelines in its 2015 annual report. GRI is an international independent standards organisation that helps businesses, governments and organisations understand and communicate their impact on sustainability issues.
Read our latest sustainability report on pages 97-107 here.
DBS supports the voluntary recommendations of the industry-led Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD). TCFD aims to catalyse more consistent, comparable, and reliable disclosure of climate-related information and is increasingly sought after by investors.
This underscores our commitment to deliver relevant climate-related disclosures. DBS was the first Singapore bank and listed Southeast Asian company to participate in a pilot programme set up by the International Integrated Reporting Council (IIRC), as well as the first bank in Singapore to report in accordance with the Global Reporting Initiative (GRI) guidelines. See our annual reports here.
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 250 leading corporations who have expressed their support for better disclosures of climate-related risks and opportunities.