RE100

DBS is the first Asian bank and Singapore company to join the global renewable energy initiative, RE100, led by The Climate Group in partnership with CDP. Our participation in RE100, a collaborative group of influential global businesses committed to 100% renewable energy, signals our dedication to support the transition to a low carbon economy powered by renewable energy, benefitting not just our company but the world we live in.

DBS has committed to utilising 100% renewable energy in all our markets, with an interim target of 100% in Singapore by 2030. We are making steady progress and today, about 14% of our total electricity consumption across six markets is sourced from renewable sources. We are actively working with partners and energy providers as the availability of renewable energy improves in our markets.

Solar Energy Installation at DBS Asia Hub

Minister for the Environment and Water Resources Masagos Zulkifli was guest of honour at the launch of the solar energy installation at DBS Asia Hub, the bank’s premises in Changi Business Park on 26 April 2018. Consisting of some 1,200 solar panels across 30,000 square feet – or around half the size of a football field, the installation is owned and maintained by DBS. The energy that is generated by the solar panels – over 460 MWh – is enough to power 100 four-room HDB flats for a year, and will help offset DBS Asia Hub’s power consumption. We are also reviewing our other real estate assets across the region to assess their suitability for future solar energy installations.

Read more about our RE100 membership in the full release here.