ESG Insights
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Issue 95: Dissecting Singapore banks’ financed emissions; justifying the just transition

Kenneth Lim
Published Fri, Apr 12, 2024 · 07:00 PM
    • The emissions intensity of aviation-sector activities financed by DBS and OCBC have fallen sharply in 2022 and 2023.
    • The emissions intensity of aviation-sector activities financed by DBS and OCBC have fallen sharply in 2022 and 2023. ILLUSTRATION: KENNETH LIM

    In this issue: Banks’ financed emissions mostly improved despite some trouble spots, while standard ways of assessing impact might not be enough to understand the trade-offs in a just transition.

    Singapore

    Banks’ financed emissions: What year is it?

    Singapore banks are making headway in lowering the emissions intensity of activities they finance in the aviation, power and real estate sectors but are facing challenges in timely reporting.

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