dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • Lah!

DBS To Adopt The Equator Principles

  • November 19, 2019
Total
0
Shares
0
0
0

First bank in Singapore and Southeast Asia to go the extra mile; contributing to Singapore’s position as global financial centre for infrastructure projects.

As part of its ongoing efforts in promoting responsible financing, DBS has become the first bank in Singapore and South East Asia to adopt the Equator Principles.

The Equator Principles (EPs) is a globally recognised risk management framework adopted by financial institutions for determining, assessing and managing environment and social risk in development projects. The EPs also outline environmental and social standards for large scale developments and is based on the International Finance Corporation (IFC) Performance Standards published by the World Bank Group.

DBS’ adoption of the EPs would mean that the bank will go the extra mile in disclosing information related to large-scale developments that it is involved in. Currently, the bank already adheres to due diligence processes in accordance to IFC’s Performance Standards when assessing large project financing deals.

Tan Su Shan, Group Head of Institutional Banking Group, DBS said, “We are proud to be the first bank in Singapore and Southeast Asia to be a signatory of the Equator Principles. We believe that the region will see significant infrastructure development over the next few years and financing will play a central role. As that happens, we acknowledge the importance of incorporating environmental and societal considerations into our lending decisions, and to managing our business in a balanced and responsible way, contributing to a more sustainable future.”

DBS believes that Singapore’s position as a global financial centre and legal hub will also help create an inclusive environment to facilitate infrastructure projects in the region.

Over the years, DBS has been focused on advancing the sustainability agenda with an approach based on three pillars: responsible banking, responsible business practices and creating social impact.

In the area of responsible financing, this year, the Bank is expected to close more than SGD 4 billion of sustainable finance transactions comprising green loans, sustainability performance-linked loans and renewable energy financing. New milestones for sustainability-linked loans were also established across the region:

  • Inked Singapore’s first sustainability-linked loan for an SME with leading egg producer Chew’s Agriculture;
  • Signed first-of-its-kind SDG Innovation Loan with City Developments to accelerate innovative solutions that have a positive impact on SDGs;
  • Signed Taiwan’s first sustainability-linked loan with AU Optronics. The loan is also the first of its kind for an IT company in Asia Pacific;
  • Mandated Lead Arranger for the financing of three offshore wind farms in Taiwan worth SGD 8.5 billion equivalent. These wind farms will have a total installed capacity of 1.1GW and will supply clean energy to more than 900,000 Taiwanese;
  • Advised and led the financing of Vena Energy’s 70MW ground mounted solar structure, Taiwan’s largest-to-date.

Responsible banking practices encompass the bank’s commitment to include environmental and societal considerations in its day-to-day business operations. These include practices to minimise its environmental footprint, as well as support employees by embracing gender diversity and providing equal opportunity.

On the social impact front, DBS recently launched the second season of its award-winning mini-series Sparks to shed light on some of the most pressing social and environmental issues of the day. The episodes were inspired by the stories of social enterprises supported by DBS Foundation, which has nurtured over 300 social enterprises and awarded over 100 social enterprises in Asia with more than SGD 4.7 million in grant funding.

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • Banking
  • DBS
  • Equator Principles
  • Finance
majulah

Previous Article
  • Lah!
  • Technology

Inaugural SFF x SWITCH Sees Over 60,000 Participants From 140 Countries; Event To Return On 9-13 November 2020

  • November 19, 2019
View Post
Next Article
  • Cities
  • Lah!
  • Technology

Singapore Sets Sight To Be A Global Hub For Developing And Deploying AI Solutions

  • November 20, 2019
View Post
You May Also Like
View Post
  • Lah!

Tariffs, Trump, and Other Things That Start With T – They’re Not The Problem, It’s How We Use Them

  • John Francis
  • March 25, 2025
View Post
  • Lah!

Canonical announces 12 year Kubernetes LTS

  • John Francis
  • March 4, 2025
dotlah-smartnation-singapore-lawrence-wong
View Post
  • Artificial Intelligence
  • Featured
  • Features
  • Lah!
  • Machine Learning
  • Technology

Growth, community and trust the ‘building blocks’ as Singapore refreshes Smart Nation strategies: PM Wong

  • Dean Marc
  • October 9, 2024
dotlah-singapore-ndp-2024
View Post
  • Lah!

Here’s what to expect for NDP 2024!

  • dotlah.com
  • August 9, 2024
dotlah-singapore-airlines_may_21-1716298816
View Post
  • Lah!

Severe turbulence during Singapore Airlines flight leaves several people badly injured. One man died

  • majulah
  • May 22, 2024
dotlah-pm-lee-lawrence-wong-9656d4cd-1fa4-40ed-905d-e19e639b8476_728802dd
View Post
  • Lah!
  • People
  • Politics

End of Lee Era for Singapore as PM Steps Down

  • dotlah.com
  • May 16, 2024
DPM Lawrence Wong will be Singapore's fourth prime minister on May 15. ST PHOTO: LIM YAOHUI
View Post
  • Lah!
  • People
  • Politics

7 things to know about Singapore’s next prime minister Lawrence Wong

  • dotlah.com
  • May 15, 2024
When asked about his leadership style, DPM Lawrence Wong said he will be open and consultative, but he will not shirk from doing what is necessary for Singapore's future. ST PHOTO: LIM YAOHUI
View Post
  • Features
  • Lah!
  • People
  • Politics

‘We are prepared to relook everything’: Lawrence Wong on a changing society and his hopes for S’pore

  • dotlah.com
  • May 15, 2024


Trending
  • 1
    • Lah!
    NUS Law Launches New Centre for Technology, Robotics, Artificial Intelligence & the Law
    • December 12, 2019
  • 2
    • Cities
    • Society
    Here Are The Cleanest And Most Corrupt Governments Of The World
    • February 4, 2020
  • depression depressed 3
    • People
    How The Lack Of Exercise Affect Your Mental Health
    • November 20, 2020
  • 4
    • Technology
    Made By Google 2019: Here Are Google’s Biggest Product Announcements
    • October 16, 2019
  • 5
    • Economy
    • People
    What You Need To Know About The Racial Wealth Gap In America
    • June 18, 2020
  • 6
    • Gears
    Apple unveils iPhone 17 Pro and iPhone 17 Pro Max, the most powerful and advanced Pro models ever
    • September 9, 2025
  • 7
    • Lah!
    • Science
    • Technology
    NTU Singapore Scientists Use Fruit Peel To Turn Old Batteries Into New
    • September 2, 2020
  • 8
    • Lah!
    Monetary Authority Of Singapore And Banque de France Break New Ground In CBDC Experimentation
    • July 9, 2021
  • 9
    • Science
    You Thought Quantum Mechanics Was Weird: Check Out Entangled Time
    • July 25, 2019
  • japanese-zen-garden-jennifer-goolsby-d9hhl8JXySg-unsplash 10
    • Featured
    • People
    Overcome Laziness With These 7 Japanese Productivity Hacks
    • August 4, 2023
  • 11
    • Cities
    Chinese Economy Dips For The First Time In Decades
    • April 24, 2020
  • 12
    • People
    • World Events
    Coronavirus: Could The World Have Prepared Better For A Pandemic?
    • May 11, 2020
Trending
  • Cooking pots and pans 1
    Best Pots and Pans 2025: All-Season, All-Purpose Picks for Every Kitchen
    • September 23, 2025
  • 2
    Politicians love comparing NZ’s economy to Singapore or Ireland – but it’s simplistic and misleading
    • September 21, 2025
  • Kitchen Knives - Best All-Around Picks in 2025 3
    Kitchen Knives : The Surgeons of Cooking – Best All-Around Picks in 2025
    • September 15, 2025
  • 4
    Apple unveils iPhone 17 Pro and iPhone 17 Pro Max, the most powerful and advanced Pro models ever
    • September 9, 2025
  • 5
    Apple debuts iPhone 17
    • September 9, 2025
  • Fruits and vegetables for cooking. For food processors. 6
    Food Processor: The Swiss Army Knife of the Kitchen – Best All-Around Picks in 2025
    • September 8, 2025
  • 7
    Meet Samsung Galaxy Tab S11 Series: Packing Everything You Expect From a Premium Tablet
    • September 4, 2025
  • 8
    Malaysia’s ‘ASEAN Shenzhen’ needs some significant legal reform to take off — here’s how
    • August 25, 2025
  • French Fries 9
    Air Fryer: The One Cooking Appliance to Rule Them All – Best All-Around Picks in 2025
    • August 22, 2025
  • 10
    Samsung Electronics Debuts Odyssey G7 Monitors, Showcasing Top Games on Its Displays at Gamescom 2025
    • August 20, 2025
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.