Singapore-headquartered bank scores highly on sustainability and integrated reporting
DBS Group has maintained its top-flight IR service this year, with top ranking in the South East Asia Top 25, fourth place in the Asia Top 50, and a slew of individual awards and short-listings. It takes the grand prix award for best IR in South East Asia, and it’s first in each of the categories for corporate governance, financial reporting, and sustainability practice. It also comes joint fourth in two further categories: investor meetings and best IR by a senior management team.
The IR team remains just two-strong, comprising long-term incumbent Michael Sia as head of IR and Yan Kai Yin.
They are strongly supported by senior management and both sides are praised by the investment community in the research. Respondents home in on the effective way DBS manages to engage with investors, with several using this term when commenting on the bank’s IR strengths.
Sustainability, and especially integrated reporting, are two other areas of strength for the bank. Indeed, DBS was the first company in South East Asia to sign up to the International Integrated Reporting Council’s pilot scheme and it remains out in front in this area. And in terms of sustainability itself, the company has established a S$50 mn ($35 mn) foundation to strengthen its CSR efforts, both in Singapore and across Asia.
This profile first appeared in the IR Magazine Investor Perception Study – Asia 2015/2016, which is available to professional subscribers of IR Magazine
