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 100 leading corporations who have expressed their support for better disclosures of climate-related risks and opportunities.