Singapore Trade Data Exchange (SGTraDex) and a consortium of four major commercial banks in Singapore led by UOB have announced an initiative to develop digital solutions for the application of green trade financing standards across industries. 

According to a  press release by UOB and SGTradex on Nov 9,  the initiative aims to enable effective, data-driven decision-making around environmental, social and governance (ESG) factors so that banks can better support their clients’ green trade financing needs.

The participating banks include DBS, OCBC Bank and Standard Chartered. 

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