DBS rolls out sustainable transition finance framework and taxonomy

The taxonomy will outline the banks’ “green” and “transition” transactions.

DBS has launched its sustainable and transition finance framework and taxonomy which will help the bank engage with clients who are furthering their sustainability agenda, according to a news release.

The taxonomy will serve as a reference for clients to adapt and build resilience amidst climate change, resource scarcity and address critical global issues such as social inequality. To encourage greater transparency in sustainable and transition economic activities, it will outline the way DBS manages transactions that are classified as “green”, “transition”, or contributing to the United Nations Sustainable Development Goals.

It also summarises a broad list of eligible economic activities like using recycled plastics for apparel making or an electricity grid upgrade to enable integration of intermittent renewable energy.

In addition, DBS will offer transition financing, which will take a scientific approach to evaluate the transitional qualities of economic activities and whether clients have a strategy to adapt their businesses in line with the Paris Agreement.

The implementation of the framework will involve robust governance and reporting processes that enable transparency. It has also received a second-party opinion from Norwegian green ratings provider CICERO Green.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.