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.  

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook