{"id":11604,"date":"2024-01-30T09:39:44","date_gmt":"2024-01-30T09:39:44","guid":{"rendered":"https:\/\/cfp.nl\/?p=11604"},"modified":"2024-02-01T08:28:45","modified_gmt":"2024-02-01T08:28:45","slug":"going-green-in-singapore-an-overview-of-banks-and-their-sustainability-commitments","status":"publish","type":"post","link":"https:\/\/cfp.nl\/en\/news-and-cases\/news-and-cases\/going-green-in-singapore-a-selection-of-banks-and-their-sustainability-commitments\/","title":{"rendered":"Going green in Singapore: a selection of banks and their sustainability commitments"},"content":{"rendered":"\n
Singapore, a global financial hub, is also aiming to become a leader in green finance. This ambition is reflected in its banking sector, where several banks are actively tackling climate change through their own operations and their support for sustainable businesses. But which banks are leading the way in sustainability? This article delves into the approaches of three prominent banks in<\/strong> Singapore’s, focusing on their commitment to mitigating Scopes 1, 2, and 3 emissions<\/a>.<\/strong><\/p>\n\n\n\n DBS Bank<\/a>: A pioneer in net-zero banking, DBS joined the Net-Zero Banking Alliance and aims to achieve net-zero financed emissions by 2050. They’ve already achieved carbon neutrality for their own operations in 2022, showcasing their commitment to walking the talk. DBS is also proactive in Scope 3, offering sustainability-linked loans and trade finance with goals tied to clients’ emissions reduction. Their real estate initiatives are equally impressive, with DBS Newton Green becoming the first net-zero bank building in Singapore.<\/p>\n\n\n\nDBS<\/strong> Bank, OCBC Bank<\/strong> and UOB Bank<\/strong><\/h2>\n\n\n\n