Deutsche Bank Sets Up ESG Center in Singapore
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Deutsche Bank has set up a Singapore-based center focused on developing environmental, social and governance-related solutions.
Deutsche Bank’s center will focus on innovation in ESG and fintech to develop new products to address market gaps, according to a statement.
In addition to internal activities, the center will also share global best practices with regulators and regional bodies in Asia, such as Asean and Asia Pacific Economic Cooperation.
The center will house a sizeable team that will work across all business divisions, developing solutions across impact monitoring, data management and payments to unbanked communities.
The transition of Asia towards sustainable practices requires ESG transaction models, products, solutions and regulatory measures which meet international standards while supporting on-the-ground realities in Asia, said Deutsche Bank’s APAC head of ESG Kamran Khan.
Questions & Answers
Q.What is the primary objective of Deutsche Bank's new centre in Singapore?
What is the primary objective of Deutsche Bank's new centre in Singapore?
The centre aims to develop new environmental, social and governance-related products by focusing on innovation in ESG and financial technology. It will address existing market gaps and support Asia's transition towards sustainable practices.
Q.Which specific areas will the Singapore-based team be working on?
Which specific areas will the Singapore-based team be working on?
The team will develop solutions across various areas, including impact monitoring, data management and payments for unbanked communities. These efforts will span all of Deutsche Bank's business divisions.
Q.How will the new centre interact with external bodies in the region?
How will the new centre interact with external bodies in the region?
Beyond its internal activities, the centre will share global best practices with regulators and regional organisations in Asia. This includes groups such as Asean and the Asia Pacific Economic Cooperation.