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Issue 22: UOB’s oil and gas stance; investors’ COP27 wish list

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Kenneth Lim

Kenneth Lim

Published Mon, Sep 4, 2023 · 03:21 PM
    • Singapore banks DBS and UOB have taken distinctly different positions on how to decarbonise the oil and gas portion of their portfolios.
    • Singapore banks DBS and UOB have taken distinctly different positions on how to decarbonise the oil and gas portion of their portfolios. ILLUSTRATION: KENNETH LIM

    In this issue: UOB stops short of committing to a net zero target for downstream oil and gas, while the Investor Agenda asks for scaling up of climate finance.

    Singapore

    Net zero? Not just yet!

    UOB unveiled its net zero strategy and commitments this week, and its approach to the oil and gas sector stands out for two reasons:

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