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Sustainability at DBS
Creating long-term value in a balanced and responsible manner
- Home
- Sustainability
- Our Sustainability Approach
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.
Impact beyond banking
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).
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.
Latest on DBS’ sustainability efforts.
- DBS launched “Catalysts of Sustainability” report to discuss on how to support SMEs progress in their sustainability journeys
- DBS Hong Kong introduces innovative financing solution to help SMEs transition to energy sustainability with support from CLP Power
- Singapore’s DBS first bank in Southeast Asia to announce landmark set of decarbonisation commitments
- DBS commits to net zero by 2050 and becomes first Singapore bank to join the UN-linked Net-Zero Banking Alliance
- DBS Bank raises sustainable finance target to SGD50 billion by 2024
- DBS launches world’s first sustainable and transition finance framework and taxonomy to help clients advance on sustainability agenda
The Asset
- Best Sustainable Finance Bank, Hong Kong
Global Finance
Sustainable Finance Country Awards 2023
- Country Winner, Hong Kong
- Outstanding Leadership in Green Bonds, APAC
- Outstanding Sustainable Financing in Emerging Markets, APAC
- Outstanding Leadership in Transition/Sustainability-linked bonds, APAC
- Outstanding Leadership in Transition/Sustainability-linked loans, APAC
FinanceAsia
FinanceAsia Awards 2023
- Biggest ESG Impact, International
Bloomberg Businessweek
Bloomberg Businessweek – Financial Institution Awards 2023
- ESG Sustainability of the year – Outstanding Performance
The Hong Kong Chamber of Small and Medium Business
- ESG Leading Enterprise Award
Euromoney
- Euromoney Awards for Excellence
Best Bank for Corporate Responsibility, Global
The Asset
- Best Sustainable Finance Bank, Hong Kong
Global Finance
Sustainable Finance Country Awards 2023
- Country Winner, Hong Kong
- Outstanding Leadership in Green Bonds, APAC
- Outstanding Sustainable Financing in Emerging Markets, APAC
- Outstanding Leadership in Transition/Sustainability-linked bonds, APAC
- Outstanding Leadership in Transition/Sustainability-linked loans, APAC
FinanceAsia
FinanceAsia Awards 2023
- Biggest ESG Impact, International
Bloomberg Businessweek
Bloomberg Businessweek – Financial Institution Awards 2023
- ESG Sustainability of the year – Outstanding Performance
The Hong Kong Chamber of Small and Medium Business
- ESG Leading Enterprise Award
Euromoney
- Euromoney Awards for Excellence
Best Bank for Corporate Responsibility, Global