Sustainability at DBS
Creating long-term value in a balanced and responsible manner
Sustainability at DBS
Creating long-term value in a balanced and responsible manner
As a purpose-driven bank, DBS has a role to play in addressing sustainability issues. Our approach to sustainability is guided by a sense of purpose to create value for the long term, by managing our business in a balanced and responsible way. We do this through our three sustainability pillars.
Responsible banking
We deliver products and services that promote sustainable development and conduct our business in a fair and responsible manner.
Responsible business practices
We do the right thing by our most important resource, our people. We take into account environment and societal considerations in our day-to-day business operations.
Creating social impact
We seek to be a force for good by supporting social enterprises, businesses with a double bottom line, and giving back to the communities in which we operate.
Since 2018, DBS has been publishing annually a standalone and externally assured sustainability report. It is prepared in compliance with Global Reporting Initiative (GRI) Standards and with reference to the Sustainability Accounting Standards Board (SASB).
Click here to read our latest sustainability report
In 2021, DBS sponsored the flagship Climate-aligned Bonds & Issuers Research Report. The report sheds light on capital flows financing green assets that may not be as visible and transparent as labelled bonds, and identifies opportunities to scale-up the labelled green bond market.
Our financing plays a critical role in directing capital flows and unlocking opportunities that support sustainable development. We stand by our clients who are motivated to make a positive impact, for example, in the areas of renewable energy, green buildings, sustainable food and agricultural systems and using alternatives for scarce materials.
As stakeholders and society raise their expectations for businesses to deliver sustainable solutions for our planet, we see opportunities to offer banking solutions that can help meet those expectations. We seek to address the environmental, social and governance (“ESG”) challenges by providing credit and facilitating trade and investment flows responsibly.
Our approach to responsible financing provides a point of reference, outlining our sustainability commitments and the expectations we have of our clients, forming the basis of our corporate business relationships.
Our Approach to Responsible Financing
Our Approach to Phase Out Thermal Coal Financing
Our Approach to the Palm Oil Sector
We endeavour to help our clients in industries such as agricultural, energy, real estate and automotive transition to a low-carbon economy, leveraging on green financing solutions for a meaningful sustainable impact.
In 2019, we concluded 35 sustainable financing transactions amounting to about S$5 billion. They comprised approximately S$1.2 billion of sustainability-linked loans, S$1.7 billion of renewable and clean energy-related loans and S$2.1 billion of green loans.
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Sustainability-linked loans
Loans with interest rates pegged to a series of ESG performance metrics
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Green loans
Loans aimed at advancing environmental sustainability
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Renewable energy financing
Financing renewable energy projects across our key markets
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Sustainable bonds
Bonds designed to create positive outcomes through financing or re-financing in green projects
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Digital solutions for sustainability
Leveraging digital technologies that help drive environmental and social impact
Check out our latest sustainable finance transactions comprising green loans, sustainability performance-linked loans and renewable energy financing.
Sustainability trends in 2021
Transition finance enables companies to be less carbon-intensive and less polluting.
The imperative of fighting climate change
Responsible banking will play a key role in tackling climate change along with sustainable financing.
DBS converts EUR 500 million guarantee facility with Siemens Gamesa renewable energy to green facility
Under this green facility, Siemens Gamesa will be able to issue Green Guarantees to support their supply of equipment and services for wind energy projects internationally, with unique features that promote and assure higher standards of sustainable sourcing and deployment.
Transition finance completes the picture of greener goals
Transition finance framework and taxonomy to help clients advance their sustainability agenda.
Call
From overseas: +65 6222 2200
In Singapore: 1800 222 2200
Operating hours: 8.30am to 8.30pm, Mon - Fri (excluding PH)
For more information, visit dbs.com/sustainability.
