UOB, OCBC and DBS lead in study of Asean sustainable banking
WWF review of 35 Asean banks finds they're still not acting fast enough against environmental degradation and climate change
Add BT as a preferred source
Tay Peck Gek
Singapore
AMONG 35 Asean banks assessed, only the three Singapore banks and a Thai financial institution met at least half the criteria in a survey of their performance in environment, social and governance (ESG) integration.
The study by WWF, an independent conservation organisation, noted that UOB, OCBC and DBS, in particular, demonstrated leadership by prohibiting the financing of new coal-fired power plants and implementing no-deforestation commitments, unlike 91 per cent of their peers.
TRENDING NOW
Changes to EV incentives, uncertainty over COE framework drive Category A premium to a new high in ‘re-run of 2025 mania’
Employers want AI-fluent employees. Hiring them is the challenge
What makes a good job? Feeling that you matter
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
