As a leading financial services group in Asia with a footprint across 18 markets, we are committed to driving positive change across all aspects of corporate sustainability, and making a difference by acting responsibly through sustainable practices, behaviour and technology that respect our environment.
DBS is committed to incorporating sustainable designs and practices into our offices and branches, while investing in energy-related initiatives and waste management programmes to reduce our environmental footprint. We also organise activities throughout the year to enhance staff awareness and engagement on sustainability.
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.
In September 2017, we set a target to power 100% of our operations in Singapore using renewable energy by 2030, with an eventual goal to extend this to 100% of our global operations. By end-2018, 40% of the bank’s energy in Singapore will come from renewable energy sources.
To meet this target, DBS is engaged in three major initiatives: operating our own solar energy installation, becoming a major procurer of renewable energy, and driving energy efficiencies across its organisation.
DBS CEO Piyush Gupta (left) and Minister for the Environment and
Water Resources Masagos Zulkifli (right)
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.