Singapore banks all set to embrace potentially new sustainability disclosure standards
They view the measures as instrumental in helping to manage climate crisis, support clients and harmonise rules
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Singapore
SINGAPORE's banking trio seems all set to embrace the new international sustainability rules that are up for debate and could potentially obligate financial institutions to publish estimates of the carbon emissions linked to loans and investments.
DBS chief sustainability officer (CSO) Helge Muenkel told The Business Times (BT) that the bank views the measurement of financed emissions, alongside other ESG data, as "instrumental" in managing the climate crisis.
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