Tan Su Shan appointed as Deputy CEO

She will succeed Piyush Gupta as CEO in March 2025

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Our Sustainability Impact

From climate action to ensuring financial inclusion, we are creating environmental, economic and social impact for a sustainable future.

Impact in 2023

SGD 70 billion

Committed in sustainable financing, net of repayments and facilitated SGD 18 billion in ESG bond issuances as an active bookrunner.

Green Mark Platinum for > 80%

of manned retail branches in Singapore.

Up to SGD 1 billion

Committed over 10 years to improve lives and livelihoods of the low-income and underprivileged.

> SGD 21 million

Facilitated investments in green funds and ETFs through LiveBetter platform since November 2021.

>200,000

Employee volunteering hours reaching >150,000 beneficiaries.

SGD 665 million

Unsecured loans in Singapore as part of our wider regional support for the working capital needs of micro and small businesses in Asia.

Sustainable Operations

Where we work, how we work, and who we work with matter.

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Managing our Environmental Footprint

Since 2022, we continued to maintain carbon neutrality in our own operations. At the end of 2023, over 80% of our manned retail branches in Singapore are certified Green Buildings. An example of net zero building is DBS Newton Green, Singapore’s first net zero building by a bank, minimising its energy by as much as 580,000kWh from 845,000kWh annually and deploying over 1,000 square metres of solar panels on its rooftop.

Sustainable Procurement

We ensure that our partners and wider ecosystem are on the same journey as DBS. We are mindful of who we choose to work. In 2023, more than 99% of new suppliers aligned with DBS’ Sustainable Sourcing Principles.

Democratising Banking Services Access to All

As the former Development Bank of Singapore, we have an ingrained purpose to enable financial and social mobility and security for every segment of the community, regardless of their background.

Creating an Enabling Environment for the Underbanked

We expand our reach to low-income individuals or groups who are typically excluded from traditional banking. POSB is currently the only bank that works with the Ministry of Manpower to avail bank accounts as part of Work Pass Issuance process for Work Permit Holders, which comprise Migrant Domestic Workers and Migrant Workers.

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Addressing the Financing Gap for Small Businesses

We improve financing for underserved local micro, small, and medium enterprises (MSMEs) and social enterprises (SEs) to build capabilities, capacities, and to scale businesses.

In 2023, we have approved over 4,400 unsecured loans totalling SGD 665 million to MSMEs in Singapore, which consisted of both government risk share and commercial unsecured loans. We also awarded 24 social enterprises and SMEs across Asia approximately SGD 3.7 million in 2023.

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Impact beyond banking

A better and brighter tomorrow belongs to everyone, not just a few. We seek to be a force for good by supporting the vulnerable segments of the community.

DBS Foundation

At its 10th year, DBS Foundation has provided more than SGD 17 million in grant funding to 140 social enterprises and SMEs to scale their business models and deepen their impact. The foundation has also launched 22 community programmes focused on uplifting lives launched across region since 2022

DBS’ latest commitment of SGD 1 billion dollars for the next decade to support vulnerable communities, promises a new cycle of enduring change. From a spark within, to impact beyond, we can create a world where every individual and every community has the opportunity to thrive.

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People of Purpose

People of Purpose (PoP) is DBS’ employee volunteer movement that brings our values to life. Our commitment is instituted in two official volunteer-leave days for each employee. Our employees contributed more than 780,000 volunteering hours since 2015, with the bank committing over 1.5 million volunteer hours over the next decade.

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Helping change mindsets

Providing information on how to live sustainably is important for us to be effective enablers of change. With “Live more”, our sustainable lifestyle content portal, we hope to inspire an eco-friendly community and create a collective movement towards more conscious choices.