The Business Times
business-time-50
ESG Insights

Issue 98: The ESG bogeyman for S-E Asian banks; Temasek on-brand with climate investment platforms

google-preferred-sourceAdd BT as a preferred source
Kenneth Lim

Kenneth Lim

Published Fri, May 3, 2024 · 07:00 PM
    • S&P Global Ratings rates Singapore’s local banks ahead of most regional peers on ESG, but behind major European lenders.
    • S&P Global Ratings rates Singapore’s local banks ahead of most regional peers on ESG, but behind major European lenders. ILLUSTRATION: KENNETH LIM

    In this issue: Shunning bond underwriters with poor ESG may not work in South-east Asia, while Temasek-BlackRock platform Decarbonization Partners raises a US$1.4 billion final close.

    South-east Asia

    Region’s banks might not lose deals to ESG underperformance

    Banks could be facing ESG risk on a new front, as Bloomberg reported some debt issuers in Europe are weighing bond underwriters’ ESG credentials when deciding whom to appoint for their deals.

    ESG Insightssustainable financesustainable investingSingapore banksTemasekESG

    TRENDING NOW

    Canadian Prime Minister Mark Carney speaking at a press conference in Ottawa, on Aug 22, after trade talks with the US collapsed.

    Canada’s fight with the US has far bigger stakes than trade

    The real win for Keppel DC Reit could be diversification, as contribution from Japan jumps to 23%, from 9%.

    Keppel DC Reit’s Tokyo drift: The easy yen trade is over

    “I consider myself lucky. I don’t consider myself successful,” says Ng Yih Pyng, the second-generation leader of Tomei Consolidated.

    What’s luck got to do with it? Everything, says Malaysian jewellery king Tomei’s chief

    Over 70 primary-listed companies in Singapore have spent a total of almost S$2.1 billion on share buybacks on the open market in the first eight months of 2026.

    Singtel leads August buybacks with S$55.6 million purchase of nearly 13 million shares

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More