Fast reading
- EOS communicated to DBS investor concerns about sustainable palm oil production and pressed for an improved palm oil financing policy for existing borrowers.
- We were pleased to see DBS improved its palm oil financing policy for all customers, requiring a “No Deforestation, no Peat, no Exploitation” commitment, or principles and criteria of the Roundtable on Sustainable Palm Oil for all its existing and new borrowers.
- We will monitor DBS’ progress in implementing the sustainable palm oil policy for all its lending relationships and clear communication of its progress.
DBS
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Case studies are shown to demonstrate engagement, EOS does not make any investment recommendations and the information is not an offer to buy or sell securities.
