DBS, Deloitte launch sustainability accelerator tool for SMEs

DBS aims to extend the tool to other markets from 2025.

DBS and Deloitte have launched the Sustainability Accelerator Tool to aid small and medium enterprises (SMEs) identify and address decarbonisation gaps over the next 12 months.

The tool enables SMEs to measure their maturity levels across four pillars – governance framework, sustainability strategy, risks & opportunities, and metrics & targets). 

The pillars are aligned with the Task Force on Climate-related Financial Disclosures framework, a globally recognised reporting structure. 

An estimated 1,000 SMEs are expected to benefit from the tool. They will receive a customised sustainability readiness report, which provides an analysis of their company’s sustainability maturity with insights to address the specific challenges they may be currently facing. DBS said that it aims to offer the tool to other markets from 2025.

SMEs may also improve their sustainability levels further by participating in DBS’ ESG Ready Programme, where they can access a panel of sustainability experts, including specialists from Deloitte.