ESG in Banking

Thailand’s SCB, SCG offers green loans for net zero buildings

The loan will help entrepreneurs transition their buildings to net zero structures.

Thailand’s SCB, SCG offers green loans for net zero buildings

The loan will help entrepreneurs transition their buildings to net zero structures.

Greenwashing in banking: real concern or overblown issue?

Reputational risks abound for those who drag their feet about sustainability or engage in greenwashing.

HSBC’s records $12.9b pre-tax profit for H1

This is $12.9b higher compared to the first six months of 2022.

Mastercard to remove first-use PVC plastics from payment cards by 2028

It will instead use recycled or bio-sourced plastics, the payments company said.

Singapore and China launches taskforce for green finance

The collaboration will be co-chaired by Gillian Tan and Dr. Ma Jun.

MUFG halfway to its 2030 sustainable finance target

The bank has funded JPY19.4t as of 2022, over halfway to its JPY35t target by 2030.

Banks lagging behind net zero energy goals

Only 7% of energy-related financing extended by banks between 2016 to 2022 went to green energy projects.

OCBC launches net zero loan for corporates

Companies get a reduced interest rate on their loans when they meet targets.

KBank named in Dow Jones Sustainability Indices for 7th straight year

KBank has also earned CDP A List from the Carbon Disclosure Project.

Fintechs pivotal to achieve $275t capital needed for successful sustainable transition: study

From 2026 until 2050, $9.2t a year in capital spending is needed to achieve net zero goals.

Citi named sole arranger of CABEI’s 10-year JPY7b and 10-year US$130m ESG bonds

The bonds will be issued to Japanese and Taiwanese investors, respectively.

Less than 10% of global energy financing went to renewables: study

Of the $2.5t funneled to energy firms, only $178b were for clean energy activities, the report said.

Mizuho Bank inks MOU with Morocco’s Attijariwafa Bank for ESG collaboration

It expands their earlier business cooperation MOU signed in August 2019.

Banks must amp up management of nature risks in net zero policies: WWF

Science-based decarbonisation targets must be set to improve their energy sector portfolios.

HSBC to stop funding new oil and gas projects: report

They will continue to finance energy companies at a corporate level to help them transition.

MUFG Bank signs BTNZ as first client for green deposits product in New Zealand

The funds are used for green loans in clean transportation and green development.

Thailand’s KBank earmarks $5.53b for sustainable funding, loans

The bank says it will grant the funding and loans to 1.9 million small pocket customers.