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‘Preferential’ rates for local firms to defray sustainability-related costs under new DBS, Enterprise Singapore scheme

Jovi Ho
Jovi Ho • 4 min read
‘Preferential’ rates for local firms to defray sustainability-related costs under new DBS, Enterprise Singapore scheme
As part of the new ESG Ready Programme, DBS and Enterprise Singapore will also provide foundational training and support to these companies on sustainability matters. Photo: DBS
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Singaporean businesses with annual sales turnover of up to $1 billion can look forward to “preferential” financing rates from DBS to defray costs from developing and adopting sustainable business practices. 

These include green loans, as well as sustainable trade and supply chain finance, says the bank on April 3. DBS representatives decline to reveal the exact rate, but say this will be assessed on a case-by-case basis.

As part of the new ESG Ready Programme, DBS and Enterprise Singapore will also provide foundational training and support to these companies on sustainability matters.

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