sustainable finance

ESG INSIGHTS

Issue 189: Carbon tax in an energy crisis; Singapore good timing on green bonds

This week in ESG: Singapore’s carbon tax may have room for relief; Reopened 30-year Singapore green bonds yield 2.57 per cent

The Tengah Plantation MRT station, a stop on the Jurong Region Line, being built. Proceeds from the bonds will support the Singapore Green Plan, including the building of this train line and the Cross Island Line.

Singapore prices S$1.5 billion of 30-year green bonds at 2.57%

The proceeds will finance expenditures under the Singapore Green Plan 2030, including two new MRT lines

Singapore banks’ sustainable loan commitments grew at a slower pace in 2025.
ESG INSIGHTS

Issue 188: Singapore banks face slower growth in sustainable finance; Grab’s confusing dual-class shares

This week in ESG: DBS, OCBC, UOB release sustainability reports; Grab raises CEO’s voting rights

UOB reported that it is tracking between 3 and 39% below reference pathways across its emissions intensity metrics.

UOB’s sustainable financing up 21% at S$70.1 billion

SMEs drive the increase with S$7.8 billion extended in loans to help them accelerate sustainable business practices

Sustainable aviation fuel has been touted as one of the critical solutions for the eventual decarbonisation of the aviation sector.

Asean’s tourism sector could contribute to region’s sustainable aviation fuel development, says Airbus

This is relevant for the region, considering that a few countries have consistently been ranked among the top global travel destinations

Growth in sustainable loans for DBS has slowed but continues to outpace its broader portfolio.
ESG INSIGHTS

Issue 186: DBS takes systems approach to cutting emissions; families ripe for governance review

This week in ESG: Singapore bank says can’t scale decarbonisation on own; Family-sized need in Code of Corporate Governance review

As at January 2025, DBS, OCBC and UOB made up about 8% of Indonesia’s total corporate loan exposures.

Singapore banks could see biggest losses on Indonesia loans among regional peers due to climate risks

The study conducted by NUS’s SGFIN, analyses data on the probability of default for carbon-intensive sectors

Excluding loan repayments, DBS has committed a cumulative sum of S$102 billion in sustainable financing as at end-2025, according to its sustainability report.

DBS sees opportunities in climate adaptation and nature; on track to cut financed emissions of most sectors

Lender’s sustainability report discloses that 15% of management’s remuneration is tied to ESG matters

The national adaptation plan will involve a comprehensive review of Singapore’s adaptation measures in key domains such as heat resilience, coastal and flood resilience, as well as water and food resilience.
SINGAPORE BUDGET 2026

Budget 2026: Singapore to draw up its first national climate adaptation plan

The completed plan will be released in 2027

Harita Nickel’s emissions have been increasing since 2022 while its share of renewable power has been falling.
ESG INSIGHTS

Issue 184: OCBC hit by coal complaint; Parkway Life Reit secures green, social debt

This week in ESG: Bank under fire for loans to Harita Nickel; healthcare-focused Reit adds S$142 million of sustainable financing