Companies must resist pressures, adhere to ESG commitments: DBS tand

Companies that have pledged to support ESG and Dei initiatives must fulfill their commitments and not be influenced by political developments, said the incoming CEO of Singapore’s DBS group.

“The leadership is about being responsible, not saying one thing and doing another … if you have committed your organization to reduce your carbon footprint and you can and are financially viable, then you stay in your commitment,” said Vice President CEO of DBS, so his Shan, during a session on corporate leadership in Converge in vivo.

“Do not cuts and change just because you are trying to congratate another administration,” he added.

It will become the Bank’s CEO on March 28, replacing Piyush Gupta, who has led the largest bank in Southeast Asia since 2009. Tan, who joined DBS from Morgan Stanley in 2010, will be the first Women’s CEO of DBS.

Dei refers to diversity, equity and inclusion, while ESG refers to the environment, social and governance. Several American companies have backed away from Dei and ESG commitments Since Donald Trump was elected president.