In the same statement, the bank’s private banking arm says it will seek to encourage its clients in the region to adopt environmental, social and governance (ESG) standards in their investments.
DBS Private Bank announced on March 19, that it plans to further its sustainability agenda by having more than 50% of its assets under management (AUM) in sustainable investments by 2023, up from its 41% as at March 19.
The bank says it defines sustainable investments as those rated BBB and above, based on MSCI ESG Ratings.
