Responsible Banking: We support our customers’ transition towards lower-carbon business models and deliver customised retail solutions to meet their specific needs. To serve as a reference to guide clients to adapt and build resilience in the face of climate change, resource scarcity and address critical global issues such as social inequality, we have established the world’s first Sustainable and Transition Finance Framework and Taxonomy to help clients advance on their sustainability agenda. It serves as a guide to facilitate monitoring and reporting of sustainable financing, not only for DBS but for the banking industry.
Responsible Business Practices: We believe in doing the right thing by our people and embedding environmental and societal factors in our business operations. We provide an inclusive workforce, seek to influence our supply chain towards sustainable practices, and manage our direct carbon footprint. We are on track to achieve net-zero carbon emissions from our own operations by 2022.
Impact Beyond Banking: We seek to be a force for good by supporting businesses for impact with a double bottom line. In 2014, DBS Foundation was launched with an SGD 50 million fund to mark the bank’s commitment to champion social entrepreneurship in Asia. With the pandemic upending livelihoods and casting a spotlight on a wide range of social issues, we have recently set aside an additional SGD 100 million to further our efforts to improving lives in Asia. The funds will go towards catalysing the work of the DBS Foundation, as well as the bank’s various philanthropic and crisis relief measures. Rooftop Republic (add link https://rooftoprepublic.com/) is one the awardees of DBS Foundation Social Enterprise Grant, a social enterprise that envisions a future of sustainable cities powered by urban farming. With our support over the years, they have been able to develop and scale Rooftop Republic Academy, their educational programme, to groom the next generation of urban farmers.
This October, DBS will be at ReThink 2022’s Sustainable Communities Theatre, supporting Farm the City powered by Rooftop Republic around RetThinking Urban Resilience and Liveability.