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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
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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.

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