{"id":14223,"date":"2023-10-25T14:02:57","date_gmt":"2023-10-25T14:02:57","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=14223"},"modified":"2023-10-25T14:09:22","modified_gmt":"2023-10-25T14:09:22","slug":"dbs-launches-sustainable-finance-solution-for-smes","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/dbs-launches-sustainable-finance-solution-for-smes\/","title":{"rendered":"DBS Launches Sustainable Finance Solution for SMEs"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-14223\" data-postid=\"14223\" class=\"themify_builder_content themify_builder_content-14223 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>Singapore-based financial services group DBS today announced the launch of the DBS Eco Renovate Loan, a new sustainable finance tool targeted at&nbsp; small and medium enterprises (SMEs), aimed at enabling smaller companies to access a wider pool of capital to fund green &nbsp;projects.<\/p>\n\n\n\n<p>The new solution enables SMEs to borrow up to 100% of the cost of using resource efficient or energy optimization solutions for a green renovation project, at preferential rates. Companies can also choose to bundle the loan with a traditional commercial loanfor up to 80% of renovation costs, at prevailing commercial rates, for their total renovation needs.<\/p>\n\n\n\n<p>According to DBS, the new solution aims to help SMEs to advance their sustainability agendas, with most sustainable financing initiatives typically targeted at larger companies. The loan program is the latest in a suite of SME-focusedsustainable financing solutions from DBS, including electric vehicle financing, sustainable trade financing and renewable energy financing. The bank also recently announced a collaboration with SkillsFuture SG to offer sustainability skills training, and DBS also offers an ESG-ready initiative helps SMEs learn to develop a sustainability strategy, implement their action plan and be prepared to validate their ESG performance through independent third-party assurance and reporting.<\/p>\n\n\n\n<p>Koh Kar Siong, Group Head of Corporate and SME Banking, DBS, said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>&nbsp;&#8220;SMEs are increasingly aware of the need to embed sustainable practices into their businesses, to better compete in a green economy. Yet, most sustainable financing initiatives are geared towards larger corporates as these companies have access to the data, resources, and know-how to track and measure their progress. The Eco Renovate Loan aims to bridge this financing gap by offering SMEs a simple, effective solution to kickstart their sustainability journeys.&#8221;<\/p>\n<\/blockquote>\n\n\n\n<p>The Eco Renovate Loan is structured in line with internationally recognized Green Loan Principles<sup>. <\/sup>Companies and contractors on the renovation project use a simplified checklist to identify, track, and implement sustainability-related initiatives. They must submit a pre-renovation checklist with supporting documents such as quotations, as well as invoices as proof of work done after the project is complete.<\/p><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>Singapore-based financial services group DBS today announced the launch of the DBS Eco Renovate Loan, a new sustainable finance tool targeted at&nbsp; small and medium enterprises (SMEs), aimed at enabling smaller companies to access a wider pool of capital to fund green &nbsp;projects. The new solution enables SMEs to borrow up to 100% of the [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":14224,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[30],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DBS Launches Sustainable Finance Solution for SMEs - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/dbs-launches-sustainable-finance-solution-for-smes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DBS Launches Sustainable Finance Solution for SMEs - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Singapore-based financial services group DBS today announced the launch of the DBS Eco Renovate Loan, a new sustainable finance tool targeted at&nbsp; small and medium enterprises (SMEs), aimed at enabling smaller companies to access a wider pool of capital to fund green &nbsp;projects. The new solution enables SMEs to borrow up to 100% of the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.esgtoday.com\/dbs-launches-sustainable-finance-solution-for-smes\/\" \/>\n<meta property=\"og:site_name\" content=\"ESG Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ESGToday\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-25T14:02:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-25T14:09:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/10\/DBS.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"680\" \/>\n\t<meta property=\"og:image:height\" content=\"511\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Susan Lahey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:site\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Susan Lahey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.esgtoday.com\/dbs-launches-sustainable-finance-solution-for-smes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/dbs-launches-sustainable-finance-solution-for-smes\/\"},\"author\":{\"name\":\"Susan Lahey\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/97e13a5b49d5c769104360ded30d2826\"},\"headline\":\"DBS Launches Sustainable Finance Solution for SMEs\",\"datePublished\":\"2023-10-25T14:02:57+00:00\",\"dateModified\":\"2023-10-25T14:09:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.esgtoday.com\/dbs-launches-sustainable-finance-solution-for-smes\/\"},\"wordCount\":347,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"articleSection\":[\"Sustainable Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.esgtoday.com\/dbs-launches-sustainable-finance-solution-for-smes\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.esgtoday.com\/dbs-launches-sustainable-finance-solution-for-smes\/\",\"url\":\"https:\/\/www.esgtoday.com\/dbs-launches-sustainable-finance-solution-for-smes\/\",\"name\":\"DBS Launches Sustainable Finance Solution for SMEs - 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