UOB announced, on Aug 20, that it has been approved to join the Equator Principles Association. The bank has, by extension, adopted the Equator Principles (EPs) as it continues to advance its sustainability strategy.

The EPs are a risk management framework that is used by financial institutions around the world to determine, assess and manage environmental and social risk in projects.

In its statement, UOB says it is committing to the implementation of the EPs in its environmental and social policies, procedures and standards for financing projects.

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