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UOB commits to 2050 net-zero targets across six sectors, to join DBS and OCBC in Net-Zero Banking Alliance

Jovi Ho
Jovi Ho10/31/2022 10:59 AM GMT+08  • 3 min read
UOB commits to 2050 net-zero targets across six sectors, to join DBS and OCBC in Net-Zero Banking Alliance
Power, automotive, oil and gas, real estate, construction and steel make up about 60% of UOB's corporate lending portfolio.
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United Overseas Bank (UOB) has announced sectoral plans to reach net-zero by 2050.

UOB’s commitments cover six sectors, which make up about 60% of its corporate lending portfolio, announced the bank on Oct 31.

These six sectors are power, automotive, oil and gas, real estate, construction and steel.

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