A fifth of the lender’s portfolio faces high nature-related risks, says sustainability head Eric Lim, noting water’s broad impact and the lack of target-setting tools. Oil and gas, though a focus sector, was excluded from its analysis.
Despite being highly vulnerable to climate risk, Sri Lanka is slow to tap into climate funding due to a range of issues including inadequate data systems, institutional weaknesses and limited capacity to design and implement viable projects.
The Unlocking capital for sustainability 2024 insights report captures key messages, discussion points, and recommendations for policymakers and businesses across the region to forge a more inclusive and sustainable Asia.
After spinning off its thermal coal assets, Adaro Energy Group, the world’s sixth-largest coal mining company, will have access to financing from two banks that previously withdrew funding for its aluminum smelter project in February 2023.
Oleh
Ghee Peh and Mutya Yustika
The UN has declared 2025 the International Year of Glaciers' Preservation as climate change speeds up ice loss not only in the Arctic and Antarctica, but in Asia's Hindu Kush Himalayas, which is warming three times the global average rate.
Oleh
Masatsugu Asakawa
Public development banks must spearhead a systemic overhaul of global finance to ensure climate funding reaches the most vulnerable and accelerates the green transition.
Oleh
Serge Ekué dan
Javier Díaz Fajardo
The Federal Reserve is perhaps the most significant independent economic actor in the US. Yet it has surrendered to Trump – the Fed Board withdrew from a global network that brought together central banks to improve climate risk management.
Oleh
Stuart P.M. Mackintosh
There is consensus that coal needs to be retired early in Asia, but the mechanisms for financing the phase-out are not clear. This mini-documentary examines how transition credits work and whether they can fund Southeast Asia's equitable switch to clean power.
Studio EB
From sponge cities to coastal forests, Asia is seeking ways to work with nature and prepare for the risks in a warmer-than-expected future. This Eco-Business video looks at what else cities need to do to strengthen climate resilience.
Rich nations need to shift investments into renewables instead, they say. The civic space for demonstrations at this year's climate summit, held in Egypt, is more restricted than the Scotland event last year.
Trump 2.0 may prove to be a "bump in the road" for climate action, but banks and investors in Asia see growth and opportunity in the region for decarbonisation as climate risks grow.
Entrepreneur Steve Melhuish tells the EB Podcast where the biggest opportunities to reduce emissions and make money are in Southeast Asia, and why finding the right economic incentives is critical for climate tech startups.
Asia lags the world in natural catastrophe protection. Part of the problem could be counting extreme weather losses only after they happen, industry insiders tell the Eco-Business podcast.
The Bangko Sentral ng Pilipinas assistant governor tells the Eco-Business Podcast about the regulator’s maiden sustainability report that features an empirical study of climate impacts on banks as well as the nation’s first taxonomy.