DBS BANK
to the growth of the bank , but also its importance to the clients that we serve and the community that we operate in across the Asia-Pacific region .”
Terence says DBS ’ board has mandated the company to be a leader in the region , to “ accelerate and enable the transition for many of our clients across these locations in the area of sustainability and achieving sustainable goals . This has been supported and embraced by investors , regulators and staff .
DBS was one of the first banks in Asia to release a transition finance framework to guide and support clients on the transition journey towards sustainability .
According to Shilpa Gulrajani , Head of Sustainable Finance , DBS Bank ’ s regional role is central to its work – and it comes with responsibility .
She says : “ When a global organisation is going beyond being systemically important only in its headquartered location , it becomes a responsibility as well as a business drive to ensure that clients are transitioning responsibly and are being supported by its key core banks closer to the regions that it is targeting . And that is where we believe that we are playing a role , and we will continue to play that role .” Terence adds : “ There is a lot of work that needs to be done to ensure that the region benefits from significant capital to fund the transition and to decarbonise many production-based economies .”
Asia Pacific accounts for 60 percent of global CO2 emissions , largely due to its critical role in global manufacturing , and is the world ’ s manufacturing hub , housing many critical links in global supply chains .