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
Add BT as a preferred source
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.
TRENDING NOW
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
AI infrastructure can lead South-east Asia’s next growth story: UOB
MAS eases family office tax rules, widens AML checks as Singapore vies for global wealth
