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Last update: 2021-11-09 15:59:53
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About DBS
Development Bank of Singapore (DBS) is headquartered in Singapore and operates all over Asia. It was established in 1968 and currently has one of the strongest capital positions in the region. It is involved in the following sectors: retail banking, capital markets, foreign exchange and derivatives, money market and securities trading to corporations and financial institutions.
Website | http://www.dbs.com/ |
Headquarters |
12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Level 3
018992
Singapore
|
CEO/chair |
Piyush Gupta Chief Executive Officer |
Supervisor | |
Annual reports |
CSR report 2020 Annual report 2020 |
Ownership |
listed on Singapore Stock Exchange (SGX)
DBS' complete shareholder structure can be accessed here. |
Complaints and grievances |
DBS operates a whistlebower service focused on workplace issues. It can be accessed here. |
Related Dodgy Deals
Dodgy Deals map
Policy Assessments
Banks and Climate
Bank net zero commitments
This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.
- A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
- An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.
Abbreviations:
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
Banks and Human Rights
Human Rights Benchmark Asia 2022
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Response Tracking
This page evaluates DBS's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
News
Documents
Links
Policies
Voluntary standards
DBS has committed itself to the following voluntary standards:- ABS Guidelines on Responsible Financing
- Banking for Impact
- Carbon Disclosure Project
- Dow Jones Sustainability Indices
- Equator Principles
- FTSE4Good Supply Chain Labour Standards Criteria
- Global Reporting Initiative
- Net-Zero Banking Alliance (NZBA)
- Task Force on Climate-related Financial Disclosures
- United for Wildlife Financial Taskforce
- United Nations Global Compact
- World Business Council for Sustainable Development