DBS Bank has raised its sustainable finance target to $50 billion by 2024 in a bid to help customers incorporate sustainable business practices into their overall business strategy.

As more companies seek to advance their corporate sustainability agenda through sustainable financing, the raised target comes at an opportune time.

DBS’s group head of institutional banking, Tan Su Shan, says that the world at this time has enabled companies to explore an expanding range of environmental, social and governance (ESG) challenges as well as integrate the social and sustainability agenda into their corporate strategy and business practices.

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