DBS's (SGX:D05) sustainable financing commitments in 2024 surged 27% year on year to SG$89 billion, according to the company's sustainability report on Wednesday.

The financial services provider also issued sustainable bonds worth SG$38 billion during the period.

The company also committed around SG$98.1 million in funding to support programs focused on providing essential needs and fostering inclusion.

Meanwhile, more than SG$1 billion loans were given to low-income individuals in Indonesia while 4,000 unsecured loans worth SG$500 million were given to Micro, Small and Medium Enterprise MSMEs in Singapore.

Shares of the financial institution were up over 1% in recent trading.