DBS, a Singapore-based financial services group, has launched the DBS Eco Renovate Loan, a sustainable finance tool aimed at small and medium enterprises (SMEs). The loan enables SMEs to borrow up to 100% of the cost of resource-efficient or energy optimization solutions for green renovation projects at preferential rates. Additionally, companies can bundle the loan with a traditional commercial loan for up to 80% of renovation costs. The initiative aims to support SMEs in advancing their sustainability agendas, as most sustainable financing initiatives are typically targeted at larger companies. The Eco Renovate Loan is part of DBS’s suite of SME-focused sustainable financing solutions, which includes electric vehicle financing, sustainable trade financing, and renewable energy financing.
Resource: https://www.esgtoday.com/dbs-launches-sustainable-finance-solution-for-smes/