Asian bank joins clean power club

A global community of corporates committed to moving to 100% renewable energy has welcomed its first member from Singapore.

Asian bank DBS has signed up to the RE100 initiative – spearheaded by The Climate Group in collaboration with CDP – and it joins a growing number of global of businesses in making the pledge.

DBS CEO Piyush Gupta said: “Sustainability has been at the core of DBS’ purpose-driven DNA. From the time of our founding 50 years ago as the Development Bank of Singapore, we have always believed in the importance of good citizenship. Today, that extends to creating social impact by giving back to the community through the bank and DBS Foundation, and doing our part for the environment. We are supportive of the United Nation’s Sustainable Development Goals (SDGs) and have adopted as focus areas four of the SDGs, including climate action. As Singapore’s leading bank, we recognise our role in promoting sustainable development, including the transition to a low-carbon economy. We hope that our adoption of renewable energy to power our operations will play a part in catalysing the growth of the renewables sector and encourage more corporates to go green for a sustainable future.”