DBS Bank is the official sponsor of the Climate Action theme at UNLEASH 2018
2018 is DBS’ 50th anniversary. The story of DBS is intertwined with Singapore’s, and their achievements mirror hers. In their early years as the Development Bank of Singapore, their mandate was to ﬁnance a newly-independent Singapore’s industrialisation. DBS has therefore always been a different kind of bank, with a mission that was bigger than themselves. Since 1968, DBS’ people have been trailblazers and path-breakers. Today, that spirit – to innovate and be purpose-driven in all that they do – continues to be very much a part of their work.
DBS aims to create long-term value for its stakeholders sustainably, to balance the needs for development with creating positive social and environmental impact. The bank believes it has a significant role to play in promoting sustainable development, and has chosen to focus on four of the United Nations’ Sustainable Development Goals (SDGs):
- SDG 7 – Affordable and Clean Energy
- SDG 8 – Decent Work and Economic Growth
- SDG 12 – Responsible Consumption and Production
- SDG 13 – Climate Action
To this end, they’ve been engaged in initiatives that contribute towards the SDGs.
DBS was one of the ﬁrst Singapore companies to launch a green bond in 2017. In addition, DBS was the ﬁrst Singapore bank to be included as an index constituent of the FTSE4Good Global Index, a global sustainability index. They were also the ﬁrst Asian bank and Singapore company to join global renewable energy initiative RE100, and to commit to using 100% renewable energy for their Singapore operations by 2030.
In 2014, DBS launched the SGD 50 million DBS Foundation, which champions social enterprises (SEs) and social innovation. Since then, the Foundation has reached out to more than 4,800 SEs. In 2017, DBS executives personally mentored 50 SEs across six markets in Asia.
Learn more at www.dbs.com