DBS upskills sustainable financing knowledge of 1,600 relationship managers
The bank will incorporate the workshops as part of its training curriculum for incoming RMs.
DBS upskills sustainable financing knowledge of 1,600 institutional relationship managers (RM) and 170 credit risk managers (CRM).
Singapore’s biggest bank by assets organized specialized Climate Activation Workshops beginning Decembert 2022 to brief RMs and CRMs on the bank’s net zero commitments.
The workshops, jointly developed by external sustainability consultants, also sought to equip RMs and CRMs with a deeper understanding of climate risk, as well as practical tools to identify suitable transition and sustainable financing opportunities for clients.
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Going forward, DBS said that it will incorporate these workshops as part of the training curriculum for all new Institutional Banking RMs and CRMs to ensure consistency in driving sustainability conversations with corporate clients.
DBS committed sustainable financial transactions totalled a combined S$61b as of end-2022, two years ahead of its cumulative S$50b target under its 2024 timeline.
The bank added that it has upskilled close to 500 of its RMs from the DBS Private Bank and DBS Treasures Private Client in sustainable investing over the past two years. Approximately 60% of its clients' portfolio is made up of sustainable investments, surpassing its 50% target two years ahead.