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Question raised on sustainability versus digital exchange at DBS AGM

The Edge Singapore
The Edge Singapore 3/30/2021 09:51 PM GMT+08  • 3 min read
Question raised on sustainability versus digital exchange at DBS AGM
DBS CEO says conflict of interest exists between sustainability goals and digital exchange initiative because of carbon emissions
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DBS Group Holdings’ shareholders asked a couple of interesting questions during the banking group’s AGM on Mar 30. Of course there were the usual questions around liquidity, profitability, growth, credit costs, Lakshmi Vilas Bank and so on.

DBS is committed to sustainability. On Feb 4 this year, DBS announced it is committed to raising $50 billion in sustainable finance by 2024. And DBS is helping its customers in incorporating sustainable business practices.

Yet, on Dec 10, 2020, DBS announced the setting up of a digital exchange, “ enabling Institutional Investors and Accredited Investors to tap into a fully integrated tokenisation, trading and custody ecosystem for digital assets”.

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