green finance

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

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

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

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

It is DBS’s first AUD-denominated green loan.

Around half of consumers enjoy the availability of green financial services.