Feb 4, 2021 Hubbis
DBS Bank has raised its sustainable finance target to SGD50 billion by 2024, accelerating its sustainability agenda in helping customers incorporate sustainable business practices into their overall business strategy.
he new commitment reinforces DBS’ efforts in responsible banking which is a key pillar of the bank’s approach to sustainability. It also stems from more companies seeking to advance their corporate sustainability agenda through sustainable financing, especially as the Covid-19 pandemic puts sustainability in the spotlight.
Tan Su Shan, Group Head of Institutional Banking, DBS, said that this “never normal” world has become an opportunity for companies to see how they can tackle an expanding range of environmental, social and governance (ESG) challenges, as well as integrate the social and sustainability agenda into their corporate strategy and business practices.