Bank's Policy
Animal Farming & Food Production
20%
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Animal Husbandry and Feed
We encourage our customers to install housing systems that take into account animal welfare needs, protect them from physical harm, minimise psychological stress, and allow them to exhibit a degree of natural behaviours and phasing out practices which violate the Five Freedoms of cattle, poultry or pigs.
Comments on score: The bank encourages, but does not require, companies to phase out practices which violate the Five Freedoms of cattle, poultry or pigs.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Animal Husbandry and Feed
We encourage our customers to install housing systems that take into account animal welfare needs, protect them from physical harm, minimise psychological stress, and allow them to exhibit a degree of natural behaviours and phasing out practices which violate the Five Freedoms of cattle, poultry or pigs.
Comments on score: The policy encourages housing systems that take into account animal welfare needs (which naturally excludes cages), but its not a requirement
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Animal Husbandry and Feed
We encourage our customers to install housing systems that take into account animal welfare needs, protect them from physical harm, minimise psychological stress, and allow them to exhibit a degree of natural behaviours and phasing out practices which violate the Five Freedoms of cattle, poultry or pigs.
Comments on score: The policy encourages clients to install housing systems that take into account animal welfare needs and allow them to exhibit a degree of natural behaviours, but its not a requirement
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Animal Husbandry and Feed
We encourage our customers to install housing systems that take into account animal welfare needs, protect them from physical harm, minimise psychological stress, and allow them to exhibit a degree of natural behaviours and phasing out practices which violate the Five Freedoms of cattle, poultry or pigs.
Comments on score: The policy encourages clients to protect animals from physical harm and minimise psychological stress, indicating a disapproval of mutilations, but it does not prohibit these.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Animal Husbandry and Feed
We encourage our customers to install housing systems that take into account animal welfare needs, protect them from physical harm, minimise psychological stress, and allow them to exhibit a degree of natural behaviours and phasing out practices which violate the Five Freedoms of cattle, poultry or pigs.
Comments on score: The policy encourages clients to protect animals from physical harm and minimise psychological stress, but it does not have any specific requirements on breeding.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Animal Husbandry and Feed
We encourage our customers to install housing systems that take into account animal welfare needs, protect them from physical harm, minimise psychological stress, and allow them to exhibit a degree of natural behaviours and phasing out practices which violate the Five Freedoms of cattle, poultry or pigs.
Comments on score: The policy encourages clients to protect animals, but does not have any explicit criteria on transport.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Animal Husbandry and Feed
We encourage our customers to install housing systems that take into account animal welfare needs, protect them from physical harm, minimise psychological stress, and allow them to exhibit a degree of natural behaviours and phasing out practices which violate the Five Freedoms of cattle, poultry or pigs.
Comments on score: The policy encourages clients to protect animals, but does not have any explicit criteria on slaughter
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Animal Testing
0%
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Pets, Entertainment and Fashion
0%
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
ESG-related Prohibited Transactions:
• Trading (wholesale or retail) wildlife or wildlife products in violation of CITES, this includes ivory, rhino horn and pangolin;
• Finning and/or trading (wholesale or retail) or serving at eateries of shark fin or shark finning, and deriving material revenue from such activities;
Comments on score: The policy does not exclude the trade in non-protected wild animals.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Governance
38%
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Transactional Due Diligence
(…) Where we identify significant issues, additional due diligence is required. This may entail site visits, independent reviews or certification requirements. If any customer is suspected to be involved in undesirable ESG practices, we will promptly engage the customer. If the customer is not willing to take steps to adequately mitigate the identified risks, we are prepared to turn down the transaction or reassess the banking relationship. We recognise that legacy issues may arise from business entered into force before the implementation of our ESG standards. While we will honour existing contractual commitments, there will be no expansion, revolving or renewal of these engagements.
Comments on score: DBS established a clear pathway of engagement and potential divestment in the case clients are involved in significant issues. Since the bank does have animal welfare criteria, their breech could be considered a significant issue.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Sustainability Linked Loans:
29 May 2019 - DBS announced Singapore’s first sustainability linked loan for an SME - for the construction of a new farm with larger cage-free facilities
Comments on score: Through its sustainability linked loans, DBS has provided loans to cage-free chicken farms