DBS Is Sole Company In ASEAN In Top Global Quartile Of Bloomberg’s Gender-Equality Index

DBS Bank has been named to the Bloomberg Gender-Equality Index (GEI) for the fourth year running, and in a milestone achievement, is also the sole company in ASEAN in the GEI’s top global quartile this year. Featuring some 380 publicly listed companies from 11 sectors headquartered across 44 countries and regions worldwide, the GEI recognises companies that bring transparency to gender-related practices and policies, increasing the breadth of environmental, social, governance (ESG) data available to investors. The index is based on a self-disclosure survey on gender-equality performance across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand.

Said DBS CEO Piyush Gupta, “To be in the GEI’s top global quartile and recognised as best-in-class for gender equality is an important achievement for us. It attests to our firm commitment to advancing parity across DBS, and our efforts in building a respectful and inclusive workplace that embraces gender, generational and cultural diversity. We believe gender equality is essential to sustainable growth. At DBS, women comprise 50% of our workforce, 40% of our senior management^[1], and run our largest businesses and key functions across the bank.”

DBS offers flexible work arrangements, maternity leave and paternity leave to support employees managing commitments outside of work, even as they build their careers with the bank. DBS has also rolled out formal job sharing arrangements, in which one full-time job is split among two employees, that could appeal to a wider talent pool who are keen to work, but not necessarily on a full-time basis because of personal or family commitments. On the hiring front, DBS has been proactively building pipelines for female talent in technology – an area where women have conventionally been under-represented – through targeted hiring initiatives, including hackathons. DBS Foundation, the first foundation in Singapore dedicated to championing social entrepreneurship, supports and funds numerous social enterprises that empower disadvantaged women and girls. The bank also celebrates International Women’s Day across all key markets to raise awareness around gender equality.

^[1] Senior vice-presidents to managing directors

About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 12 consecutive years from 2009 to 2020.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 29,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.