Our Sustainability Impact

From climate action to ensuring financial inclusion, we are creating environmental, economic and social impact for a sustainable future.

Impact in 2022

SGD 61 billion
Committed in sustainable financing loans from 2018 to 2022, in addition to SGD 24 billion in ESG bonds raised in 2022 where DBS was involved as an active bookrunner.

Achieved Carbon Neutrality
At the end of 2022 in our own operations.
SGD 900 million
In unsecured loans approved to SMEs across the region to address their unmet working capital needs, with more than 98% going to micro and small businesses.
LiveBetter
Engaged 1 million customers in Singapore, who invested SGD 8 million in green funds and donated SGD 700,000 towards environmental and social causes.

>140,000
Employee volunteering hours to serve the community.
SGD 100 million
Additional funding committed to further improve lives in Asia.

Sustainable Operations

Where we work, how we work, and who we work with matter.

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Managing our Environmental Footprint

DBS has achieved carbon neutrality at the end of 2022 in our own operations.

We officially opened DBS Newton Green in 2022, Singapore’s first net zero building by a bank, minimising its energy by as much as 580,000kWh from 845,000kWh annually and deploying over 1,000 square metres of solar panels on its rooftop.

Sustainable Procurement

We ensure that our partners and wider ecosystem are on the same journey as DBS. We are mindful of who we choose to work. In 2022, 100% of our new suppliers have committed to DBS’ Sustainable Sourcing Principles.

Democratising Banking Services Access to All

As the former Development Bank of Singapore, we have an ingrained purpose to enable financial and social mobility and security for every segment of the community, regardless of their background.

Creating an Enabling Environment for the Underbanked

We expand our reach to low-income individuals or groups who are typically excluded from traditional banking. POSB is currently the only bank that works with the Ministry of Manpower to avail bank accounts as part of Work Pass Issuance process for Work Permit Holders, which comprise Migrant Domestic Workers and Migrant Workers.

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Addressing the Financing Gap for Small Businesses

We improve financing for underserved local small-and-medium enterprises (SMEs) and social enterprises (SEs) to build capabilities and capacities and scale businesses.

In 2022, we have approved over 5,000 loans totalling SGD 900 million to SMEs in Singapore, with over 98% of the loans going to micro and small businesses. In support of SEs, we have disbursed over SGD 13.4 million in loans at preferential rates.

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Impact beyond banking

A better and brighter tomorrow belongs to everyone, not just a few. We seek to be a force for good by supporting the vulnerable segments of the community.

DBS Foundation

At its 10th year, DBS Foundation has provided more than SGD 17 million in grant funding to 140 social enterprises and SMEs to scale their business models and deepen their impact. The foundation has also launched 22 community programmes focused on uplifting lives launched across region since 2022

DBS’ latest commitment of SGD 1 billion dollars for the next decade to support vulnerable communities, promises a new cycle of enduring change. From a spark within, to impact beyond, we can create a world where every individual and every community has the opportunity to thrive.

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People of Purpose

People of Purpose (PoP) is DBS’ employee volunteer movement that brings our values to life. Our commitment is instituted in two official volunteer-leave days for each employee. Our employees contributed more than 780,000 volunteering hours since 2015, with the bank committing over 1.5 million volunteer hours over the next decade.

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Helping change mindsets

Providing information on how to live sustainably is important for us to be effective enablers of change. With “Live more”, our sustainable lifestyle content portal, we hope to inspire an eco-friendly community and create a collective movement towards more conscious choices.

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