DBS to adopt risk management framework The Equator Principles

This will allow it to test its funded projects according to environmental and social standards.

DBS will adopt The Equator Principles (EPs) in order to enhance efforts in disclosing information related to large-scale developments that it is involved in, a press release revealed.

“We are proud to be the first bank in Singapore and Southeast Asia to be a signatory to the Equator Principles. The Principles thrive on being singularly focused on avoiding and mitigating impacts arising from asset-level financing,” said Tan Su Shan, group head of institutional banking group at DBS.

EPs is a globally recognised risk management framework adopted by financial institutions for determining, assessing and managing environmental and social risk in development projects. The EPs also outline environmental and social standards for large scale developments and is based on the International Finance Corporation (IFC) Performance Standards published by the World Bank Group.

Currently, the bank already adheres to due diligence processes in accordance with IFC's Performance Standards when assessing large project financing deals.