Home Capital Banking & finance

UOB's sustainability programme nudges customers towards net zero

The Editor
The Editor5/11/2021 10:27 PM GMT+08  • 3 min read
UOB's sustainability programme nudges customers towards net zero
UOB's sustainability financing framework encourages customers to get to net zero
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Eric Lim, Chief Sustainability Officer, United Overseas Bank, gives texture to sustainable and green financing - not as some esoteric concept, or yawn inducing idea, but in clear cut plans that involve financing and partnerhips. For instance, Asean attempts to move away from coal as its main source of energy. Yet the region can’ just jump to renewables overnight.

Countries such as Indonesia will need to transition to renewables as renewable infrastructure builds out. Then there is food and agriculture, and sustainable farming. In a third opportunity, corporates have resorted to greening buildings (the built environment usually requires financing), and the government is encouraging the concept of smart cities. Digitalisation and green technology could go a long way to help industry with sustainable manufacturing and logistics.

The new infrastructure for renewables, sustainable farming, greening the built environment in cities and green technology required by Asean offer banks like UOB potential loans of US$1 trillion.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.