ESG in Banking

Maybank rolls out green financial advisory service to SEA SMEs

Small and medium enterprises will receive funding to aid in their sustainability reporting.

Maybank rolls out green financial advisory service to SEA SMEs

Small and medium enterprises will receive funding to aid in their sustainability reporting.

Hong Kong unveils sustainable finance action agenda

Banks are required to achieve net zero in their operations by 2030.

ING disbursed $35.37b in sustainable finance in Q2

EMEA represents a bulk of ING's sustainable finance activities.

CIMB launches green loan for SMEs

They can receive rebates of up to 0.4% depending on their targets.

StanChart rolls out ESG-linked cash account in Hong Kong, SG

Clients are rewarded when they meet ESG-related targets.

Japan’s Norinchukin Bank has hit 60% of its sustainable finance target

The bank also participated in 7 sustainability committee meetings in FY2023.

CIMB sets out 2030 climate targets for O&G and property portfolios

The bank will stop financing new upstream oil fields beginning January 2025.

China Citic Bank’s green finance moves require more finesse

It aligns with international frameworks, but some have indirect ties to fossil fuels.

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.