ESG compliant banking
CIMB launches green loan for SMEs
CIMB launches green loan for SMEs
They can receive rebates of up to 0.4% depending on their targets.
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.
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.
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.
Citi unveils Sustainable Time Deposit solution in APAC
It will fund environmental and social projects such as water and sanitation infrastructure.
Bank of East Asia reduce emissions by 15%, increase green loans five-fold in 2021
The bank also donated millions to support flood relief efforts.
OCBC invests S$25m to reduce carbon footprint in operations
The bank plans to retrofit its buildings with solar panels.
ASEAN banks have a long way to go in decarbonising finance: Moody’s
There is little space for investors to invest more sustainably.
Citi raises record $40b sustainable financing for APAC clients in 2021 YTD
This was thanks to Alibaba’s $5b offerings and a $2.5 bond issuance by SK hynix.
FIs need to set clear net-zero goals else loans, assets deteriorate: Moody’s
Delayed goals and actions would hurt banks’ asset and loan quality in the future.
Citi APAC appoints head of sustainability & corporate transactions for BCMA group
Rapheal Mun will relocate from Singapore to London for her new role.
Hong Kong lenders gear up sustainability initiatives as post-pandemic era dawns
The total combined headcount across 18 banks in the city is down 2,000 from just 12 months ago.
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