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ABS launches initiative for banks to engage with clients on environmental risk issues

Aim is to gather data points and identify opportunities to finance Singapore's transition to low-carbon economy

Michelle Zhu
Published Fri, Apr 22, 2022 · 05:50 AM

THE Association of Banks in Singapore (ABS) on Thursday (Apr 21) unveiled an industry-standard questionnaire for banks in Singapore to engage their corporate clients on environmental risk issues.

Called the ABS Environmental Risk Questionnaire (ERQ), the industry-standard template is designed to gather data points and identify opportunities to finance Singapore's transition to a lowcarbon economy.

It is applicable to high-risk sectors as identified by the Green Finance Industry Taskforce (GFIT), namely: agriculture and forestry/land use, construction and real estate, transportation and fuel, energy (including upstream), and industrial.

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