Singapore's largest lender DBS on Wednesday pledged to power all its operations in the city-state using renewable energy by 2030, becoming the Asian bank to join renewable energy commitment.
The pledge comes as DBS said it would join RE100, a global renewable energy campaign led by the Climate Group in partnership with CDP, that brings together influential global businesses committed to using 100 percent renewable energy to power their operations.
DBS said it would install solar panels at its office building in Changi Business Park, and the procure Renewable Energy Certificates from solar energy companies in Singapore.
The bank also plans to work closely with the Climate Group and CDP to draw up similar renewable energy roadmaps for its regional operations, it said in a statement.
"Climate change is one of the most significant challenges facing everyone today and tackling it means it's essential that we dramatically reduce carbon emissions," said Mike Power, Co-Chair of DBS' Sustainability Council.
The announcement comes just days ahead of Climate Week NYC 2017, a key international summit that gathers global business and government leaders to debate and discuss climate change solutions.
Last month, DBS became the first Singapore bank to be included as an index constituent of the FTSE4Good Global Index, comprising more than 800 global companies who have demonstrated good ESG (Environmental, Social and Governance) practices.