DBS Bank (Hong Kong)
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world. As a purpose-driven bank, we have been thoughtful around our own sustainability agenda. To pull all these into place, we architected our broader sustainability agenda around three pillars – responsible banking, responsible business practices and impact beyond banking.
To encourage more companies from key industries to transition to a low-carbon economy, we are the first commercial bank to publish a Sustainable and Transition Finance Framework and Taxonomy, which serves 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 income inequality.
Our sustainability goals for 2022:
DBS is committed to:
- Achieving net zero operational carbon emissions across the bank by 2022
- Scaling positive ESG impact through raising our sustainable finance target to SGD50 billion by 2024
- Aligning lending and investment portfolios with net zero emissions by 2050
- Creating infrastructure to enable and empower businesses to achieve their climate impact goals, e.g. Climate Impact X – a carbon exchange and marketplace for high-quality carbon credits
UN SDG goals that we align with:
- SDG 5 Gender Equality
- SDG 7 Affordable and Clean Energy
- SDG 8 Decent Work and Economic Growth
- SDG 9 Industry, Innovation and Infrastructure
- SDG 12 Responsible Consumption and Production
- SDG 13 Climate Action
Meet our speakers:
Wallace Lam
Managing Director Deputy Head of Institutional Banking Group
DBS Bank (Hong Kong)
Wallace Lam
Managing Director Deputy Head of Institutional Banking Group
DBS Bank (Hong Kong)
Mr Wallace Lam is DBS Bank’s Managing Director and Deputy Head of Institutional Banking Group, Hong Kong. He joined the bank in Sep 2021.
Mr Lam is responsible for managing and growing the bank’s franchise in the large corporate and mid-cap businesses in Hong Kong, as well as overseeing the strategic advisory and syndicated finance business.
Before joining DBS Hong Kong, Wallace was the Head of Corporate, Commercial Banking, Hong Kong at HSBC. With over 26 years of experience with HSBC, Wallace has held various senior management positions, including Head of High Yield Capital Markets for Asia-Pacific, Head of Client Coverage for Commercial Banking in China and Co-Head of Global Banking in Hong Kong.
Wallace graduated from the Haas School of Business, University of California at Berkeley, USA, with a double emphases in Finance and Marketing.