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!
    More Than 5,000 Premises Certified SG Clean Since The Launch Of The Campaign
    • March 15, 2020
  • 2
    • Cities
    • Technology
    UOB Gears Up Green Financing With U-Drive, An Integrated Value Chain Solution For The Electric Vehicle Ecosystem
    • September 19, 2021
  • 3
    • Cities
    Traffic Congestion Reconsidered
    • November 7, 2019
  • 4
    • Lah!
    NUS Law Launches New Centre for Technology, Robotics, Artificial Intelligence & the Law
    • December 12, 2019
  • 5
    • Lah!
    • Technology
    An Expanded Skills Program To Empower Singaporeans
    • August 2, 2021
  • 6
    • Lah!
    • Society
    IPOS Director Named As Influential Women In IP 2020 BY World Intellectual Property Review
    • June 18, 2020
  • 7
    • Lah!
    • Technology
    New Digital Plan To Help Precision Engineering Industry Digitalise And Build Capabilities For The Future
    • November 27, 2021
  • status-of-global-vaccination-campaigns-24242 8
    • People
    • World Events
    These Countries Have Yet To Start Covid-19 Vaccinations
    • February 22, 2021
  • 9
    • Cities
    Connected City Streets Mean Healthier Residents And Communities
    • September 7, 2020
  • 10
    • Lah!
    Singapore’s Economic Outlook In 2020
    • January 17, 2020
  • 11
    • Science
    • Technology
    A Tale Of ‘Trons’: The Suffix That Tells The Story Of Modern Science
    • November 18, 2019
  • 12
    • Lah!
    GreenGov.SG: Public Sector Leads The Way Towards A Low-carbon And Sustainable Future
    • May 6, 2021
Trending
  • 1
    A Father’s Day Gift for Every Pop and Papa
    • June 14, 2025
  • 2
    Apple services deliver powerful features and intelligent updates to users this autumn
    • June 12, 2025
  • 3
    Apple supercharges its tools and technologies for developers to foster creativity, innovation, and design
    • June 11, 2025
  • 4
    It’s time to stop debating whether AI is genuinely intelligent and focus on making it work for society
    • June 8, 2025
  • 5
    PBBM asks Singapore to invest more in PH renewable energy projects
    • June 6, 2025
  • 6
    Singapore PM Wong arrives in Malacañang
    • June 4, 2025
  • 7
    Renewable energy, carbon credits are priority areas of cooperation for Singapore, Philippines: Lawrence Wong
    • June 4, 2025
  • 8
    Singapore businesses eye more investments in PH, says PM Wong
    • June 4, 2025
  • 9
    The Summer Adventures : Hiking and Nature Walks Essentials
    • June 3, 2025
  • 10
    Trump’s global trade plans are in disarray, after a US court ruling on ‘Liberation Day’ tariffs
    • May 29, 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.