DBS was also named to the FTSE4Good Global Index for the second yr running. It was the primary Singaporean bank to be included as a component of the index last yr. The index goals to discover corporations that exhibit strong environmental, social and governance practices as measured against globally recognised standards.
In 2017, DBS became the primary Asian bank and the primary Singaporean company to hitch the worldwide renewable energy marketplace for its Singapore operations by 2030. It was also the primary bank in Singapore to launch a green bond and helped close the world’s first publicly traded social sustainability bond.
Mikkel Larsen, Chief Sustainability Officer at DBS, says: “As the former Development Bank of Singapore, we recognise our role in promoting sustainable development, including the transition to a low-carbon economy. This is reflected in our financial decisions as well as our actions to reduce our own environmental footprint. We are honoured to be included in the Dow Jones Sustainability Index Asia Pacific and to be listed in the FTSE4Good Global Index for the second consecutive year. Receiving recognition from these globally recognised indices is a testament to the efforts we have made to prioritise sustainable development.”
The Dow Jones Sustainability Indices (DJSI), launched in 1999, is a family of indices that assess the sustainability performance of hundreds of publicly traded corporations and a strategic partner to the S&P Dow Jones Indices. They are the longest-running global sustainability indicators on this planet and have turn into a key benchmark in sustainability investing for investors and corporations alike.
In 2012, S&P Indices and Dow Jones Indexes merged to form S&P Dow Jones Indices. The DJSI is currently jointly managed by S&P Dow Jones Indices and RobecoSAM (Sustainable Asset Management).
The DJSI is predicated on the evaluation of the economic, environmental and social performance of corporations, assessing issues similar to corporate governance, risk management, branding, climate change mitigation, supply chain standards and labor practices. The trend is to reject corporations that don’t operate in a sustainable and ethical manner. It includes general in addition to industry-specific sustainability criteria for every of the 58 sectors defined in response to the Industry Classification Benchmark (ICB).
The DJSI family includes one fundamental global index, the DJSI World, and various indices based on realms, similar to Europe, Nordics, North America and Asia Pacific. The DJSI also includes industry-specific indices referred to as “blue chip indices”. In addition, the DJSI methodology facilitates the design, development and delivery of customized sustainability indices; for instance, indices covering different regions, indices covering different segments of leading sustainability corporations, indices including additional exclusion criteria and indices denominated in numerous currencies.
To be included within the DJSI, corporations are evaluated and chosen based on their long-term economic, social and environmental asset management plans. The selection criteria evolve annually, and corporations must proceed to make improvements to their long-term sustainability plans to stay within the index. The indices are updated annually, and corporations are monitored all year long.
Source: The Edge Singapore | usability-indices.com
