sustainable financing

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

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

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

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

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

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

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

Customers can earn cash rebates of up to 0.1% upon successful application.

Indonesia has an annual infrastructure financing gap of around US$51b.

Increased regulatory interest in sustainability will require financial institutions to address its ESG strategy, risk management, regulatory compliance, and data challenges.

This was thanks to Alibaba’s $5b offerings and a $2.5 bond issuance by SK hynix.

The deposit has a required minimum investment amount of $5,000.

The bank will apply the principles to assess and manage environmental and social risk projects.

Amongst the transactions is Alibaba Group’s $5b four-part offering in February.