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
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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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