BT EXCLUSIVE ·
Subscribers

Singapore banks clear up on coal lending policies

Heightened disclosures come as local lenders increasingly scrutinised by NGOs

Singapore

AS scrutiny increases over their energy lending, the three Singapore banks have raised disclosures on their policies over coal-fired power plants, with all putting on record for the first time that they will stop the financing of new coal-fired power plants that do not run efficiently.

These inefficient plants are ranked as subcritical. Such projects typically have a carbon emissions intensity of more than 850 gram of carbon emissions for each kilowatt hour (850g CO2/kWh) of electricity generated.

The Business Times (BT) understands that OCBC at the start of July updated its website to reflect its climate change statement. On its website now, OCBC said it will prohibit any new corporate...

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes