Decarbonising Spend
Climate change is one of the greatest challenges of our time. We believe that aligning our supply chain carbon emissions to a 1.5 degrees Celsius pathway, through our procurement practices, is both a big responsibility and opportunity.
To that end, we have developed a masterplan where we will progressively engage with key suppliers and collaborate on decarbonising DBS’ spend over the long term.
In 2023, we introduced ESG parameters such as suppliers’ commitment to sustainability and efforts to drive decarbonisation in our supplier selection process.
We are continually refining these criteria to find the optimal balance, providing additional incentives for our suppliers to accelerate their sustainability performance and decarbonisation efforts.
