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Issue 41: DBS’ emissions scorecard vs its loan book; SVB contagion fears could hit climate finance

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Wong Pei Ting &

Janice Lim

Published Sun, Mar 19, 2023 · 05:36 PM
    • DBS’ ability to grow the sustainable financing share in each of its key decarbonisation sectors will set the stage for greater emissions reductions later on.
    • DBS’ ability to grow the sustainable financing share in each of its key decarbonisation sectors will set the stage for greater emissions reductions later on. ILLUSTRATION: KENNETH LIM

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    Singapore

    A bank’s emissions are only part of the story

    DBS’ first emissions report card since it committed to net zero targets has turned out not too shabby.

    Despite two of its seven key sectors – shipping and steel – falling behind the bank’s net zero transition pathways, DBS made good progress in the controversial sectors of power, and oil and gas.

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