ESG in Banking
Singapore and China launches taskforce for green finance
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.
OCBC reveal employee-run community farm in Central Business District
\It is expected to produce 140 kgs of vegetables annually.
Singapore unveils industry guidelines for sustainable private banking
The industry group sustainability taskforce has also developed a training benchmark.
60 largest banks need $210.2b to cover future fossil fuel losses: Finance Watch
Basel’s current framework encourages continued build up of risk, the nonprofit warned.
DBS unveils targets for decarbonisation, data coverage under net zero goal
It plans to reduce emissions from O&G sector by 28% in 2030.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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