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Select an assessment year:

  • Overall approach
    0/10
    • Overarching commitment on deforestation
      0/6
    • Deforestation as a business risk
      0/2
    • Target to reduce emissions in scope 1/2
    • Company must have anti-corruption policy
      0/2
  • Commodity score
    25/90
    • Beef & Leather
      13/90
      • Commitment Strength
        8/31
        • Commodity-specific deforestation financing policy
          5.4/9.6
          • Commitment details
            Protects priority forests
            4/8
            Commitment details
            Protects priority forests
            4/8
            "Animal Husbandry and Feed...This sector guide applies to upstream customers engaged in animal husbandry for poultry (chickens, ducks, turkey), cattle, pigs, rabbits and other animals (such as buffalo, oxen etc.); poultry hatcheries management; dairy; and production of animal feed; midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain. We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Contribute to deforestation. Deforestation can be determined by an assessment to establish High Conservation Value (“HCV”) and/or High Carbon Stock (“HCS”) forests. This covers biofuel crop production which generates animal feed as a by-product, and production of soy which is used due to its high protein content"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Animal Husbandry and Feed...This sector guide applies to upstream customers engaged in animal husbandry for poultry (chickens, ducks, turkey), cattle, pigs, rabbits and other animals (such as buffalo, oxen etc.); poultry hatcheries management; dairy; and production of animal feed; midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain. We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Contribute to deforestation. Deforestation can be determined by an assessment to establish High Conservation Value (“HCV”) and/or High Carbon Stock (“HCS”) forests. This covers biofuel crop production which generates animal feed as a by-product, and production of soy which is used due to its high protein content"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Animal Husbandry and Feed...This sector guide applies to upstream customers engaged in animal husbandry for poultry (chickens, ducks, turkey), cattle, pigs, rabbits and other animals (such as buffalo, oxen etc.); poultry hatcheries management; dairy; and production of animal feed; midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain. We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Contribute to deforestation. Deforestation can be determined by an assessment to establish High Conservation Value (“HCV”) and/or High Carbon Stock (“HCS”) forests. This covers biofuel crop production which generates animal feed as a by-product, and production of soy which is used due to its high protein content"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Animal Husbandry and Feed...This sector guide applies to upstream customers engaged in animal husbandry for poultry (chickens, ducks, turkey), cattle, pigs, rabbits and other animals (such as buffalo, oxen etc.); poultry hatcheries management; dairy; and production of animal feed; midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain. We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Contribute to deforestation. Deforestation can be determined by an assessment to establish High Conservation Value (“HCV”) and/or High Carbon Stock (“HCS”) forests. This covers biofuel crop production which generates animal feed as a by-product, and production of soy which is used due to its high protein content"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Animal Husbandry and Feed...This sector guide applies to upstream customers engaged in animal husbandry for poultry (chickens, ducks, turkey), cattle, pigs, rabbits and other animals (such as buffalo, oxen etc.); poultry hatcheries management; dairy; and production of animal feed; midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain. We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Contribute to deforestation. Deforestation can be determined by an assessment to establish High Conservation Value (“HCV”) and/or High Carbon Stock (“HCS”) forests. This covers biofuel crop production which generates animal feed as a by-product, and production of soy which is used due to its high protein content"
        • Companies must be legally operated
          2.9/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "This sector guide applies to upstream customers engaged in animal husbandry for poultry (chickens, ducks, turkey), cattle, pigs, rabbits and other animals (such as buffalo, oxen etc.); poultry hatcheries management; dairy; and production of animal feed; midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain.We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "This sector guide applies to upstream customers engaged in animal husbandry for poultry (chickens, ducks, turkey), cattle, pigs, rabbits and other animals (such as buffalo, oxen etc.); poultry hatcheries management; dairy; and production of animal feed; midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain.We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "This sector guide applies to upstream customers engaged in animal husbandry for poultry (chickens, ducks, turkey), cattle, pigs, rabbits and other animals (such as buffalo, oxen etc.); poultry hatcheries management; dairy; and production of animal feed; midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain.We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "This sector guide applies to upstream customers engaged in animal husbandry for poultry (chickens, ducks, turkey), cattle, pigs, rabbits and other animals (such as buffalo, oxen etc.); poultry hatcheries management; dairy; and production of animal feed; midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain.We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "This sector guide applies to upstream customers engaged in animal husbandry for poultry (chickens, ducks, turkey), cattle, pigs, rabbits and other animals (such as buffalo, oxen etc.); poultry hatcheries management; dairy; and production of animal feed; midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain.We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Companies own operations - Required
            2/4
            Commitment details
            Companies own operations - Required
            2/4
            Type of policy: Discrimination; Forced Labour; Child Labour; Freedom of Association
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        2/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
           "In 2019, 268 ESG risk assessments conducted for large corporate customers were escalated for enhanced due diligence. This represented about 4.4% of the large corporate customers assessed."; "On the other hand, the distributions across “Medium”, “High” and “NoGo” risk levels are 2.9%, 8.4% and 0.3% respectively. These transactions or customers will require enhanced due diligence. Transactions rated “Medium” and “High” are concluded with additional covenants, where applicable, so that the measures adopted to mitigate ESG risks become binding in loan documentation... Among the 7.7% (2019: 4.4%) of ESG assessments conducted for large corporate customers which were escalated, the sectoral breakdown is presented below. The increase was attributed to our adoption of the Equator Principles (EP), which led to more project-related corporate loans being escalated for further evaluation."
        • Ethical product in portfolio
          No
    • Palm oil
      43/90
      • Commitment Strength
        16/31
        • Commodity-specific deforestation financing policy
          7.4/9.6
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            "The palm oil sector guide applies to all palm oil plantations, crude palm oil mills, palm oil refiners, integrated players, processors and traders. For all our lending relationships, we require customers to demonstrate alignment with No Deforestation, No Peat, No Exploitation (“NDPE”) policies that are increasingly being adopted in the palm oil sector."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "The palm oil sector guide applies to all palm oil plantations, crude palm oil mills, palm oil refiners, integrated players, processors and traders. For all our lending relationships, we require customers to demonstrate alignment with No Deforestation, No Peat, No Exploitation (“NDPE”) policies that are increasingly being adopted in the palm oil sector."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "The palm oil sector guide applies to all palm oil plantations, crude palm oil mills, palm oil refiners, integrated players, processors and traders. For all our lending relationships, we require customers to demonstrate alignment with No Deforestation, No Peat, No Exploitation (“NDPE”) policies that are increasingly being adopted in the palm oil sector."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "The palm oil sector guide applies to all palm oil plantations, crude palm oil mills, palm oil refiners, integrated players, processors and traders. For all our lending relationships, we require customers to demonstrate alignment with No Deforestation, No Peat, No Exploitation (“NDPE”) policies that are increasingly being adopted in the palm oil sector."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            "The palm oil sector guide applies to all palm oil plantations, crude palm oil mills, palm oil refiners, integrated players, processors and traders. For all our lending relationships, we require customers to demonstrate alignment with No Deforestation, No Peat, No Exploitation (“NDPE”) policies that are increasingly being adopted in the palm oil sector."
        • Companies must be legally operated
          2.9/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
        • Companies must monitor operations
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            Certification scheme (if applicable): RSPO

            Type of policy: Assurance mechanism
            "For all our lending relationships, we require customers to demonstrate alignment with No Deforestation, No Peat, No Exploitation (“NDPE”) policies that are increasingly being adopted in the palm oil sector. [...] Besides NDPE commitments, DBS also makes references to the Principles and Criteria under the Roundtable on Sustainable Palm Oil (“RSPO”). We request customers to achieve full RSPO certification within a timeframe and the time-bound action plan is communicated to DBS."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "For all our lending relationships, we require customers to demonstrate alignment with No Deforestation, No Peat, No Exploitation (“NDPE”) policies that are increasingly being adopted in the palm oil sector. [...] Besides NDPE commitments, DBS also makes references to the Principles and Criteria under the Roundtable on Sustainable Palm Oil (“RSPO”). We request customers to achieve full RSPO certification within a timeframe and the time-bound action plan is communicated to DBS."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "For all our lending relationships, we require customers to demonstrate alignment with No Deforestation, No Peat, No Exploitation (“NDPE”) policies that are increasingly being adopted in the palm oil sector. [...] Besides NDPE commitments, DBS also makes references to the Principles and Criteria under the Roundtable on Sustainable Palm Oil (“RSPO”). We request customers to achieve full RSPO certification within a timeframe and the time-bound action plan is communicated to DBS."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "For all our lending relationships, we require customers to demonstrate alignment with No Deforestation, No Peat, No Exploitation (“NDPE”) policies that are increasingly being adopted in the palm oil sector. [...] Besides NDPE commitments, DBS also makes references to the Principles and Criteria under the Roundtable on Sustainable Palm Oil (“RSPO”). We request customers to achieve full RSPO certification within a timeframe and the time-bound action plan is communicated to DBS."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            "The palm oil sector guide applies to all palm oil plantations, crude palm oil mills, palm oil refiners, integrated players, processors and traders... For all our lending relationships, we require customers to demonstrate alignment with No Deforestation, No Peat, No Exploitation (“NDPE”) policies that are increasingly being adopted in the palm oil sector. [...] Besides NDPE commitments, DBS also makes references to the Principles and Criteria under the Roundtable on Sustainable Palm Oil (“RSPO”). We request customers to achieve full RSPO certification within a timeframe and the time-bound action plan is communicated to DBS."
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        9/27
        • Company must ensure Free, Prior and Informed Consent
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "DBS will provide financial services to palm oil customers who have relevant policies or public commitments in ensuring their new plantings are not involved in: ... • Planting without securing both the legal right and community support to use all the land involved. This can be achieved through a free, prior, informed, consent (“FPIC”) process; ..."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "DBS will provide financial services to palm oil customers who have relevant policies or public commitments in ensuring their new plantings are not involved in: ... • Planting without securing both the legal right and community support to use all the land involved. This can be achieved through a free, prior, informed, consent (“FPIC”) process; ..."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "DBS will provide financial services to palm oil customers who have relevant policies or public commitments in ensuring their new plantings are not involved in: ... • Planting without securing both the legal right and community support to use all the land involved. This can be achieved through a free, prior, informed, consent (“FPIC”) process; ..."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "DBS will provide financial services to palm oil customers who have relevant policies or public commitments in ensuring their new plantings are not involved in: ... • Planting without securing both the legal right and community support to use all the land involved. This can be achieved through a free, prior, informed, consent (“FPIC”) process; ..."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            "The palm oil sector guide applies to all palm oil plantations, crude palm oil mills, palm oil refiners, integrated players, processors and traders... DBS will provide financial services to palm oil customers who have relevant policies or public commitments in ensuring their new plantings are not involved in: ... • Planting without securing both the legal right and community support to use all the land involved. This can be achieved through a free, prior, informed, consent (“FPIC”) process; ..."
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Companies own operations - Required
            2/4
            Commitment details
            Companies own operations - Required
            2/4
            Type of policy: ILO; Discrimination; Forced Labour; Child Labour; Freedom of Association
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        19/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          What is the length of time the portfolio companies are given to meet their time-bound plans?: Timeframe and timebound action plan decided by company
          "For all our lending relationships, we require customers to demonstrate alignment with No Deforestation, No Peat, No Exploitation (“NDPE”) policies that are increasingly being adopted in the palm oil sector. ... We encourage customers to apply NDPE standards throughout the supply chain. Besides NDPE commitments, DBS also makes references to the Principles and Criteria under the Roundtable on Sustainable Palm Oil (“RSPO”). We request customers to achieve full RSPO certification within a timeframe and the time-bound action plan is communicated to DBS."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Annual or more frequent review
          2/2
          Policy is reviewed and updated
          Annual or more frequent review
          2/2
          "DBS Bank Our Approach to Responsible Financing [...] The Standard was first rolled out in January 2017 and is reviewed on an annual basis."
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "To uphold the above commitments: • We identify the ESG risks within our loan portfolio in IBG; • We assess, manage and monitor material ESG risks in our financial transactions; this is done by applying appropriate levels of due diligence proportionate to the risks [...] If any customer is suspected to be involved in undesirable ESG practices, we will promptly engage the customer. If the customer is not willing to take steps to adequately mitigate the identified risks, we are prepared to turn down the transaction or reassess the banking relationship."
        • Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          "To uphold the above commitments: • We identify the ESG risks within our loan portfolio in IBG; • We assess, manage and monitor material ESG risks in our financial transactions; this is done by applying appropriate levels of due diligence proportionate to the risks [...] If any customer is suspected to be involved in undesirable ESG practices, we will promptly engage the customer. If the customer is not willing to take steps to adequately mitigate the identified risks, we are prepared to turn down the transaction or reassess the banking relationship."
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          "In 2019, 268 ESG risk assessments conducted for large corporate customers were escalated for enhanced due diligence. This represented about 4.4% of the large corporate customers assessed."; "On the other hand, the distributions across “Medium”, “High” and “NoGo” risk levels are 2.9%, 8.4% and 0.3% respectively. These transactions or customers will require enhanced due diligence. Transactions rated “Medium” and “High” are concluded with additional covenants, where applicable, so that the measures adopted to mitigate ESG risks become binding in loan documentation... Among the 7.7% (2019: 4.4%) of ESG assessments conducted for large corporate customers which were escalated, the sectoral breakdown is presented below. The increase was attributed to our adoption of the Equator Principles (EP), which led to more project-related corporate loans being escalated for further evaluation."
        • Ethical product in portfolio
          No
    • Soy
      22/90
      • Commitment Strength
        8/31
        • Commodity-specific deforestation financing policy
          5.4/9.6
          • Commitment details
            Protects priority forests
            4/8
            Commitment details
            Protects priority forests
            4/8
            "This sector guide applies to upstream customers engaged in animal husbandry for poultry (chickens, ducks, turkey), cattle, pigs, rabbits and other animals (such as buffalo, oxen etc.); poultry hatcheries management; dairy; and production of animal feed; midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain.We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Contribute to deforestation. Deforestation can be determined by an assessment to establish High Conservation Value (“HCV”) and/or High Carbon Stock (“HCS”) forests. This covers biofuel crop production which generates animal feed as a by-product, and production of soy which is used due to its high protein content"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "This sector guide applies to upstream customers engaged in animal husbandry for poultry (chickens, ducks, turkey), cattle, pigs, rabbits and other animals (such as buffalo, oxen etc.); poultry hatcheries management; dairy; and production of animal feed; midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain.We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Contribute to deforestation. Deforestation can be determined by an assessment to establish High Conservation Value (“HCV”) and/or High Carbon Stock (“HCS”) forests. This covers biofuel crop production which generates animal feed as a by-product, and production of soy which is used due to its high protein content"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "This sector guide applies to upstream customers engaged in animal husbandry for poultry (chickens, ducks, turkey), cattle, pigs, rabbits and other animals (such as buffalo, oxen etc.); poultry hatcheries management; dairy; and production of animal feed; midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain.We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Contribute to deforestation. Deforestation can be determined by an assessment to establish High Conservation Value (“HCV”) and/or High Carbon Stock (“HCS”) forests. This covers biofuel crop production which generates animal feed as a by-product, and production of soy which is used due to its high protein content"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "This sector guide applies to upstream customers engaged in animal husbandry for poultry (chickens, ducks, turkey), cattle, pigs, rabbits and other animals (such as buffalo, oxen etc.); poultry hatcheries management; dairy; and production of animal feed; midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain.We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Contribute to deforestation. Deforestation can be determined by an assessment to establish High Conservation Value (“HCV”) and/or High Carbon Stock (“HCS”) forests. This covers biofuel crop production which generates animal feed as a by-product, and production of soy which is used due to its high protein content"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "This sector guide applies to upstream customers engaged in animal husbandry for poultry (chickens, ducks, turkey), cattle, pigs, rabbits and other animals (such as buffalo, oxen etc.); poultry hatcheries management; dairy; and production of animal feed; midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain.We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Contribute to deforestation. Deforestation can be determined by an assessment to establish High Conservation Value (“HCV”) and/or High Carbon Stock (“HCS”) forests. This covers biofuel crop production which generates animal feed as a by-product, and production of soy which is used due to its high protein content"
        • Companies must be legally operated
          2.9/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Companies own operations - Required
            2/4
            Commitment details
            Companies own operations - Required
            2/4
            Type of policy: ILO; Discrimination; Forced Labour; Child Labour; Freedom of Association
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        11/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "DBS Bank Our Approach to Responsible Financing [...] The Standard was first rolled out in January 2017 and is reviewed on an annual basis."
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "To uphold the above commitments: • We identify the ESG risks within our loan portfolio in IBG; • We assess, manage and monitor material ESG risks in our financial transactions; this is done by applying appropriate levels of due diligence proportionate to the risks [...] If any customer is suspected to be involved in undesirable ESG practices, we will promptly engage the customer. If the customer is not willing to take steps to adequately mitigate the identified risks, we are prepared to turn down the transaction or reassess the banking relationship."
        • Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          "To uphold the above commitments: • We identify the ESG risks within our loan portfolio in IBG; • We assess, manage and monitor material ESG risks in our financial transactions; this is done by applying appropriate levels of due diligence proportionate to the risks [...] If any customer is suspected to be involved in undesirable ESG practices, we will promptly engage the customer. If the customer is not willing to take steps to adequately mitigate the identified risks, we are prepared to turn down the transaction or reassess the banking relationship."
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
           "In 2019, 268 ESG risk assessments conducted for large corporate customers were escalated for enhanced due diligence. This represented about 4.4% of the large corporate customers assessed."; "On the other hand, the distributions across “Medium”, “High” and “NoGo” risk levels are 2.9%, 8.4% and 0.3% respectively. These transactions or customers will require enhanced due diligence. Transactions rated “Medium” and “High” are concluded with additional covenants, where applicable, so that the measures adopted to mitigate ESG risks become binding in loan documentation... Among the 7.7% (2019: 4.4%) of ESG assessments conducted for large corporate customers which were escalated, the sectoral breakdown is presented below. The increase was attributed to our adoption of the Equator Principles (EP), which led to more project-related corporate loans being escalated for further evaluation."
        • Ethical product in portfolio
          No
    • Timber, Pulp & Paper
      21/90
      • Commitment Strength
        8/31
        • Commodity-specific deforestation financing policy
          5.3/9.6
          • Commitment details
            Protects priority forests
            4/8
            Commitment details
            Protects priority forests
            4/8
            "This sector guide applies to midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain.We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Contribute to deforestation. Deforestation can be determined by an assessment to establish High Conservation Value (“HCV”) and/or High Carbon Stock (“HCS”) forests"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "This sector guide applies to midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain.We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Contribute to deforestation. Deforestation can be determined by an assessment to establish High Conservation Value (“HCV”) and/or High Carbon Stock (“HCS”) forests"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "This sector guide applies to midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain.We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Contribute to deforestation. Deforestation can be determined by an assessment to establish High Conservation Value (“HCV”) and/or High Carbon Stock (“HCS”) forests"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "This sector guide applies to midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain.We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Contribute to deforestation. Deforestation can be determined by an assessment to establish High Conservation Value (“HCV”) and/or High Carbon Stock (“HCS”) forests"
          • Policy applies to all stages of the supply chain
            Processors
            0.1/0.4
            Policy applies to all stages of the supply chain
            Processors
            0.1/0.4
            "This sector guide applies to midstream customers in processing and packaging operations; and vertically integrated entities involved in multiple aspects of the value chain.We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Contribute to deforestation. Deforestation can be determined by an assessment to establish High Conservation Value (“HCV”) and/or High Carbon Stock (“HCS”) forests"
        • Companies must be legally operated
          2.9/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations"
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        3/27
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          2.8/5.6
          • Commitment details
            Companies own operations - Required
            2/4
            Commitment details
            Companies own operations - Required
            2/4
            Type of policy: ILO; Discrimination; Forced Labour; Child Labour; Freedom of Association
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            No
            0/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We will not knowingly finance activities or projects we know to be in deliberate violation of local or national laws, or operations which:• Do not demonstrate alignment with the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work, which entail no forced or compulsory labour, no child labour, absence of discriminatory policies, and guaranteeing worker rights to freedom of association and collective bargaining"
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        11/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "DBS Bank Our Approach to Responsible Financing [...] The Standard was first rolled out in January 2017 and is reviewed on an annual basis."
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "To uphold the above commitments: • We identify the ESG risks within our loan portfolio in IBG; • We assess, manage and monitor material ESG risks in our financial transactions; this is done by applying appropriate levels of due diligence proportionate to the risks [...] If any customer is suspected to be involved in undesirable ESG practices, we will promptly engage the customer. If the customer is not willing to take steps to adequately mitigate the identified risks, we are prepared to turn down the transaction or reassess the banking relationship."
        • Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          "To uphold the above commitments: • We identify the ESG risks within our loan portfolio in IBG; • We assess, manage and monitor material ESG risks in our financial transactions; this is done by applying appropriate levels of due diligence proportionate to the risks [...] If any customer is suspected to be involved in undesirable ESG practices, we will promptly engage the customer. If the customer is not willing to take steps to adequately mitigate the identified risks, we are prepared to turn down the transaction or reassess the banking relationship."
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
           "In 2019, 268 ESG risk assessments conducted for large corporate customers were escalated for enhanced due diligence. This represented about 4.4% of the large corporate customers assessed."; "On the other hand, the distributions across “Medium”, “High” and “NoGo” risk levels are 2.9%, 8.4% and 0.3% respectively. These transactions or customers will require enhanced due diligence. Transactions rated “Medium” and “High” are concluded with additional covenants, where applicable, so that the measures adopted to mitigate ESG risks become binding in loan documentation... Among the 7.7% (2019: 4.4%) of ESG assessments conducted for large corporate customers which were escalated, the sectoral breakdown is presented below. The increase was attributed to our adoption of the Equator Principles (EP), which led to more project-related corporate loans being escalated for further evaluation."
        • Ethical product in portfolio
          No
  • Commitment strength
    10/31
    Avg. score
  • Reporting and Implementation
    11/31
    Avg. score
  • Social considerations
    4/28
    Avg. score

Profile

DBS are a financial services group headquartered in Singapore serving private and commercial clients. Their services include wealth management, corporate finance, institutional investment, insurance, and retail banking services. As of 2017, the group's total assets amount to more than 480 billion SGD, with over 300 billion SGD in customer loans. DBS are among the top lenders to Forest 500 companies, across the agriculture, agricultural commodities and consumer goods sectors.

HQ
HQ 
Singapore
Financial institution type
Financial institution type 
Bank

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.