Prøve GULL - Gratis
DBS sets decarbonisation targets for 7 sectors it finances
The Straits Times
|September 14, 2022
Bank's move in power, oil and gas, automotive and other industries comes as it seeks to realise its net-zero pledge
South-east Asia's largest lender DBS Bank has mapped out its decarbonisation targets in some of the most carbon-intensive sectors it finances, as the bank ploughs ahead with its net-zero pledge.
Decarbonisation targets have been set for seven sectors - power, oil and gas, automotive, aviation, shipping, steel and real estate.
Data coverage targets were also set for two sectors food and agribusiness, and chemicals.
An absolute emissions reduction target has been set for the oil and gas sector. By 2030, the bank is looking to reduce by 28 per cent the absolute emissions in this sector that are attributable to DBS.
This is in line with the International Energy Agency's net-zero emissions by 2050 scenario.
The bank on Tuesday said its target will cover emissions in categories known as Scope 1, 2 and 3.
Denne historien er fra September 14, 2022-utgaven av The Straits Times.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Straits Times
The Straits Times
The 'smell' things matter for China's luxury car brand Hongqi
One whiff of the plush leather-lined cabin of the lilac-coloured sport utility vehicle (SUV) will tell you exactly where Hongqi sits in the automotive kingdom.
4 mins
January 10, 2026
The Straits Times
The rise and fall of Chinese tycoon Chen Zhi
For years, well-connected but mysterious tycoon Chen Zhi lived the high life.
7 mins
January 10, 2026
The Straits Times
Arsenal in a really strong position, says Arteta
Arsenal manager Mikel Arteta said the Gunners have come out of a gruelling festive schedule in a stronger position despite the disappointment of being held 0-0 at home to Liverpool on Jan 8.
2 mins
January 10, 2026
The Straits Times
CAN UNITED STOP THE MANAGER-GO-ROUND?
Here we go, again.
7 mins
January 10, 2026
The Straits Times
Cambodia hopes for more Chinese support after alleged scam kingpin's extradition
Move reflects extent to which country finds itself backed into a corner in border conflict
4 mins
January 10, 2026
The Straits Times
Man who smuggled cigarettes, vapes into Singapore jailed and fined
A man who smuggled vapes and cigarettes into Singapore to sell to his friends was caught red-handed at Woodlands Checkpoint during a check by officers.
1 min
January 10, 2026
The Straits Times
A tale of two cities, two Isetans and a retail conundrum
Why is Isetan thriving in Tokyo while consolidating in Singapore? Its story holds lessons for all department stores.
7 mins
January 10, 2026
The Straits Times
Hwa Chong says no students penalised for voicing opinions on SATS school meals
Hwa Chong Institution (HCI) has refuted a claim made on social media platform Reddit that its students were punished for speaking to the media about their canteen food.
2 mins
January 10, 2026
The Straits Times
China urges Nestle to work quickly on baby formula recall
BEIJING - The Chinese authorities are urging Nestle to work quickly in recalling baby formula products in the mainland over potential contamination concerns.
2 mins
January 10, 2026
The Straits Times
Public feedback sought on proposals to facilitate dual listings on SGX, Nasdaq
Paper sets out proposed changes to simplify listing process, bring it closer to US standards
3 mins
January 10, 2026
Translate
Change font size