More SMEs seek sustainable financing from Singapore’s banks

MORE small and medium-sized enterprises (SMEs) in Singapore and the region are tapping sustainable financing options from the Republic’s banks to fund their decarbonisation journeys.

Since the start of the year, DBS has had double-digit percentage growth in the value of sustainable financing taken up by SMEs, compared to December 2023’s figures, said group head of corporate and SME banking Koh Kar Siong.

“Consumer pressure – together with increasing supply chain, regulatory and investor pressure – are driving companies to transition to more sustainable operations,” said Koh.