Our vision
Why it's crucial to redefine the narrative on ageing.
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By 2050, the ageing population in 15 countries across the Asia-Pacific region is projected to rise by 18.3%, reaching 620 million. In fact, by 2030, 30% of the populations in Singapore, Hong Kong, Taiwan, and China will be over 65.
While these demographic shifts pose significant challenges, they also present valuable opportunities. As people live longer, individuals, businesses, and societies can harness the potential of longevity.
While the opportunities presented by an ageing population are significant, it's essential to recognise that the vulnerable elderly may encounter the greatest challenges. At DBS Foundation, we aim to challenge traditional perceptions of ageing, and in reshaping the narrative of ageing, DBS Foundation aims to address the needs of these vulnerable communities and foster their inclusion.
1.6bn
people are expected to be aged over 65 by 2050, more than doubling the current numbers.
426mil
people will be aged 80 or older by 2050, tripling the number from 2020.
14%
of adults aged 60 and over live with a mental disorder.
DBS Foundation has introduced the new Impact Beyond Award to support businesses developing innovative solutions for the world’s most “wicked” problems. This year, the focus is on the longevity needs of ageing societies, with SGD 3 million for three businesses (SGD 1 million each) to scale their impact.
The upcoming inaugural Impact Beyond Summit in Singapore is part of our ongoing efforts bringing the ecosystem together to address the needs of ageing populations, and explore the opportunities of longevity. With an opening address by Dan Buettner on The Blue Zones: The Next Frontier of Longevity, the summit will feature breakout sessions and plenaries on how technology, innovation, nutrition, and community-building can transform the narrative of ageing.
The inaugural Impact Beyond Dialogue, graced by Desmond Lee, Singapore’s Minister for National Development and Minister-in-charge of Social Services Integration, brought together policymakers and business leaders to explore the changing role of businesses in society. The panel discussion explored ways to strengthen private-public partnerships in tackling the challenges and opportunities presented by ageing populations, especially in Singapore. The consensus was clear: businesses must go beyond problem-solving and actively create lasting, positive change in society.
Discover how we improve access to food and nutrition, basic education and healthcare, including mental health, and tools to better cope with daily stressors.
Learn how we provide skills and tools to improve financial and digital literacy, as well as access to financial products.