, Singapore
588 views
Development Bank of Singapore

DBS forges on with net-zero goals in 2022

It is transforming its data centres and server rooms into carbon-neutral assets.

Development Bank of Singapore (DBS) is forging on with its sustainability goals, amongst its target being to achieve net-zero carbon emissions within its own operations by the end of 2022.

In its latest sustainability report, the bank outlined its biggest environmental-related moves in 2021, which include ceasing the acceptance of new customers who derive more than 25% of their revenue from thermal coal in 2021. 

The bank also pledged to progressively phase out thermal coal financing by 2039.

“There are many environmental challenges in front of us, but we have chosen to prioritise action on climate change as the most immediate issue given the urgency and how it is interrelated with other environmental and social concerns,” CEO Piyush Gupta said in the report.

The bank recently became the first Singapore bank to establish a Board Sustainability Committee.

Read More: DBS establishes Board Sustainability Committee

As part of their goal for their Singapore offices to rely solely on renewable energy by 2030, DBS is transforming their data centres and server rooms into carbon-neutral assets.

Self-service branches and kiosks are also being redesigned to leverage solar power for their energy needs. DBS has also retrofitted its office for net-zero energy consumption.

Beyond the greenification of their physical operations, DBS committed S$20.5b to sustainable financing deals in 2021, more than double the amount from the previous year, the bank said.

DBS was also involved as a bookrunner in a combined S$23.5b of ESG bonds raised.

Follow the link for more news on

Pembekuan pendanaan menghantam penyedia layanan BNPL

Investor semakin sedikit mengalirkan dana ke penyedia layanan BNPL yang sudah menghadapi keuntungan margin yang tipis.

HSBC: Aliansi bank-fintech merupakan win-win

Pemberi pinjaman dapat belajar dari teknologi disruptif sambil membantu mereka mematuhi regulasi.

Tokenisasi aset perdagangan untuk menjembatani kesenjangan pembiayaan

Teknologi blockchain dapat mendesentralisasikan operasi keuangan dan mempermudah akses kredit.

BCA menjalankan komitmen terhadap keuangan berkelanjutan

Bank asal Indonesia ini mempertimbangkan aspek lingkungan dan tata kelola dalam keputusan pemberian pinjaman.

Mengapa UNOBank mendorong embedded finance tumbuh di Filipina

Bagi UNOBank, banking interface terpadu adalah strategi pertumbuhan sekaligus upaya inklusi keuangan.

OCBC mencoba mengurangi kesenjangan manfaat bagi agen properti di Singapura

Produk terbarunya menawarkan manfaat finansial di bidang perbankan, asuransi, dan perdagangan.

Upaya Malaysia menjadi anggota BRICS untuk mendorong perombakan sistem perbankan

Namun, tantangan muncul ketika menjauh dari ketergantungan pada AS dan SWIFT.

Platform pembayaran PingPong memperoleh lisensi PJP di Indonesia

PingPong mengincar ekspansi ke pasar ekspor senilai $320 miliar di negara tersebut.

Merger dan penutupan mengancam 3.800 bank di area pedesaan Cina

Sekitar 70 bank di area tersebut telah merger sejak 2023.