SUBSCRIBERS

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

Wong Pei Ting
Published Sat, Apr 16, 2022 · 05:50 AM

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.

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here