OCBC supports DKSH’s net zero transition with 1.5°C loan

At a glance

• First SBTi-Aligned Financing: Marks the first time DKSH has tied its sustainability-linked financing directly to targets validated by the Science Based Targets initiative (SBTi).
• Scope 3 Target Integration: Represents DKSH's inaugural financing structure to incorporate a Scope 3 emissions intensity reduction target; Scope 3 emissions from purchases goods and services account for more than 70% of DKSH's overall carbon footprint.

Singapore, 3 November 2026 – OCBC has extended a five-year 1.5°C loan to DKSH Holdings Ltd (DKSH), a leading market expansion services provider. This CHF 100 million loan marks the first time DKSH has linked its sustainability-linked financing to its emissions reduction targets validated by the Science Based Targets initiative (SBTi), and its first to incorporate a Scope 3 emissions intensity reduction target. It is OCBC’s first 1.5°C loan in the market expansion services sector. 

As the sole lender and sustainability advisor, OCBC structured the loan with annual sustainability performance targets aligned with DKSH’s near-term SBTi-validated decarbonisation targets, including reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 71.2% by 2030 from a 2020 base year, and reducing Scope 3 GHG emissions from purchased goods and services by 61.1% per CHF of value added by 2033 from a 2024 base year. Scope 3 emissions account for more than 70% of DKSH’s overall carbon footprint.

The OCBC 1.5°C loan was designed to incentivise corporates to commit to internationally recognised, science-based net-zero decarbonisation pathways. Companies that meet or exceed their annual sustainability performance targets may benefit from reduced financing costs. Proceeds of the loan will support DKSH’s general corporate purposes and growth opportunities. 

The transaction builds on DKSH’s climate progress. In 2025, DKSH reduced its market-based Scope 1 and 2 GHG emissions by 65% from its 2020 baseline, sourced or matched almost 80% of the electricity used in its facilities with renewable electricity, and enhanced the transparency of Scope 3 emissions, reporting across all relevant Scope 3 emissions categories. DKSH was recognised as an Industry Leader by ISS ESG and ranked among the top 5% of its sector, and maintained strong performance across major sustainability benchmarks including EcoVadis, CDP, MSCI and FTSE.

OCBC previously extended the OCBC 1.5°C loan to City Developments Limited (2023), Frasers Logistics & Commercial Trust, CapitaLand Ascott Trust and COFCO International (2024), and Florentia Village (2026). As at 30 June 2026, OCBC’s total sustainable finance commitments had grown 13% year-on-year to S$84.2 billion.  

Ms Elaine Lam, Head of Global Corporate Banking, OCBC, said: "Turning climate ambition into measurable progress is key to achieving the low-carbon transition. In linking financing to its SBTi-validated emissions reduction targets, DKSH has demonstrated both the boldness of its climate ambitions and its firm commitment to delivering tangible decarbonisation outcomes across its value chain. Coupled with its strong track record in climate progress, this underscores DKSH's determination to lead by example in the transition to a low-carbon economy. Through the Net Zero Shift outlined in our Next Frontier corporate strategy, we are committed to supporting customers with credible transition ambitions and enabling them to accelerate impactful climate action."

Mr Ido Wallach, CFO, DKSH emphasized: “This transaction marks an important milestone in aligning our financing strategy with our sustainability ambitions, which are an integral part of everyday life at DKSH. By linking this facility to our SBTi-validated emissions reduction targets, we are strengthening accountability for our climate commitments while further embedding sustainability into the way we operate and grow our business. We appreciate the partnership with OCBC, one of the world’s leading banks and a key business partner of DKSH, in advancing our net-zero journey and sharing our ambition to connect responsible business practices, sustainable growth, and long-term value creation.”