Deutsche Bank is inaugurating an Environmental, Social, and Governance (ESG) Centre of Excellence in Singapore. This new initiative will span all business units, concentrating on the implementation of ESG transactions, the development of innovative products, and advisory services. It also aims to share global best practices with Asian regulatory bodies and regional organizations.
The Centre will serve as a pivotal hub for merging ESG principles with fintech innovations, thereby creating new solutions to address market inefficiencies. These include advancements in impact monitoring, data management, and financial services for unbanked communities.
Kamran Khan, Head of ESG for Asia Pacific at Deutsche Bank, stated, “The establishment of the ESG Centre of Excellence in Singapore signifies our commitment to fostering standards for data-driven transactions that demonstrate ESG outcomes and nurture sustainable growth.”
Gillian Tan, Assistant Managing Director for Development and International at the Monetary Authority of Singapore, emphasized, “The Centre of Excellence will harness innovation to expedite Asia’s transition towards sustainability. Its objective of facilitating knowledge transfer will enhance expertise and capabilities in Singapore’s specialized talent pool.”