As Asia Pacific sees its first net-zero banking alliance exits, the Singapore lender looks to draw up decarbonisation pathways for two more sectors and has clarified what activities count as transition financing.
The bank is increasingly seeing transition-labelled financing grow, on top of the green, social and sustainable bonds and loans, said Gulrajani, adding that the bank aims to have “well-identified transition financing” as a part of its overall sustainable loan book.
When asked whether there is a target DBS has set for transition finance, as it has done for its overall sustainable financing commitments, Gulrajani told Eco-Business that there is no specific number as yet, though there is increasing interest from clients who have already identified investments and capital expenditure to deploy towards it.
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