DBS Hong Kong unveils new SME sustainable finance program

Eligible uses include energy efficiency upgrades, resource conservation, and clean transportation.

DBS Bank (Hong Kong) has launched a new SME sustainable finance program to help local SMEs access financial support and resources for their transition towards a more sustainable and resilient business.

Examples of eligible uses include energy efficiency upgrades, resource conservation, eco-friendly building, clean transportation, and renewable energy installation.

The DBS Hong Kong SME Sustainable Finance Programme promises competitive rates, flexible repayment plan, and dedicated support from a Relationship Manager to guide applicants.

A survey by the bank found that nearly 3 in 4 (73%) SMEs are keen to implement ESG strategies and sustainability measures into their business planning.

However, 58% of the SMEs surveyed face funding shortages and cost pressures. Separately, 65% expressed a desire for financial assistance to integrate sustainability into their operations.

Key motivations driving this shift included enhancing brand image (47%), fulfilling customer feedback/requirements from buyers and suppliers (46%), upholding social and ethical responsibility (41%), and complying with government regulations and policies (41%).