DBS has been named the World's Best Bank for Corporate Responsibility in the prestigious Euromoney Awards for Excellence 2023. In the same awards, DBS was also recognised as Asia's Best Bank for Wealth Management for a second consecutive year.
Piyush Gupta, CEO of DBS, said: "With the world facing burgeoning climate and biodiversity change and increasing social inequity challenges, the public, private and finance sectors have to step up efforts to address these issues. DBS is no exception. From our inception as the Development Bank of Singapore, DBS has always been guided by a strong sense of purpose and doing what is right by society. Being recognised as World's Best Bank for Corporate Responsibility testifies to the strides we have made and is great encouragement as we continue to do what we can to build a better world."
The Euromoney Awards for Excellence are widely regarded as one of the most esteemed accolades in the global banking industry and are seen as an endorsement of excellence and best practices. The awards recognise institutions that demonstrate exceptional performance, innovation, and leadership in areas such as banking, investment banking, asset management and capital markets.
Louise Bowman, Editor of Euromoney, said: "DBS is this year's World's Best Bank for Corporate Responsibility, making it the first in Singapore to receive this award since the category's inception in 2014. Being a responsible corporate citizen is a core tenet of who DBS is, with the group having embedded corporate responsibility principles in its group-level sustainability strategy. In 2022, the bank continued to step up on efforts to give back to the community, with initiatives aimed at equipping the underserved with digital and financial literacy skills, and ensuring food security and resilience."
DBS has been named "World's Best Bank" multiple times by leading global publications including Euromoney, Global Finance and The Banker, "World's Best Digital Bank" by Euromoney, "Most Innovative in Digital Banking" by The Banker, and "Top 100 Best Workplaces for Innovators" by Fast Company. The bank has also been recognised as "Safest Bank in Asia" by Global Finance for 14 consecutive years.