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Issue 142: Singapore banks catch flak for coal-powered nickel; more green lawyers expected

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Kenneth Lim

Kenneth Lim

Published Fri, Apr 4, 2025 · 07:00 PM
    • In 2023, Harita Nickel’s directly generated emissions rose as less of its consumed energy came from renewables.
    • In 2023, Harita Nickel’s directly generated emissions rose as less of its consumed energy came from renewables. ILLUSTRATION: KENNETH LIM

    This week in ESG: Report highlights OCBC, UOB, DBS financing of Harita Nickel; PwC expects green legal work value to triple by 2033

    Sustainable finance

    Singapore banks face nickel questions

    Singapore’s three banks have come under an uncomfortable spotlight for their financing of Indonesia’s Harita Nickel, a mining company whose smelters and refineries are primarily coal-powered.

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