DBS's ESG - RHB Invest 2024-03-22: Moving In The Right Direction Towards Sustainability

DBS's ESG - Moving In The Right Direction Towards Sustainability

DBS (SGX:D05) | SGinvestors.ioDBS (SGX:D05)
  • After updating our sector ESG scoresheet (please refer to our thematic report titled Banks: In Pursuit Of Net Zero), we upgraded DBS’s ESG score to 3.2 from 3.1. Our DBS's target price also rises accordingly, as we now ascribe an ESG premium of 2% (vs 0% previously) to its intrinsic value of S$36.10.

DBS's ESG – The positives.

  • - Read this at SGinvestors.io -
  • DBS accelerated its climate agenda when it published its “Our Path to Net Zero” and announced interim 2030 and 2050 net-zero targets. It had earlier set a target to commit S$50bn of sustainable financing loans by 2024 but, as at end-2023, S$70bn had already been committed.
  • - Read this at SGinvestors.io -

Areas for improvement?

  • Read more at SGinvestors.io.

Singapore Research RHB Securities Research | https://www.rhbgroup.com/ 2024-03-22

Read also RHB's most recent report:
2024-03-26 DBS - Upcoming 1Q24 Results Unlikely To Surprise.

Price targets by 5 other brokers at DBS Target Prices.

Listing of research reports at DBS Analyst Reports.

Relevant links:
DBS Share Price History,
DBS Announcements,
DBS Dividends & Corporate Actions,
DBS News Articles


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