SINGAPORE: Singapore’s DBS Bank has joined the United Nations’ Net-Zero Banking Alliance, as part of its ongoing efforts to tackle climate change, it said on Friday .
Launched in April this year, the alliance currently includes 87 banks across 36 countries, representing more than 40 per cent of global banking assets amounting to around US$65 trillion.“Fantastic that DBS will be the first Singaporean bank to join the Net-Zero Banking Alliance and GFANZ, the gold standard for net zero commitments and action,” said Mr Mark Carney, UN special envoy for climate action and finance.
DBS recently committed to ensuring net-zero operational carbon emissions across the bank by 2022. It has also committed to using 100 per cent renewable energy for its Singapore operations by 2030.