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.
As Asia Pacific sees its first net-zero banking alliance exits, the Singapore lender looks to draw up decarbonisation pathways for two more sectors and has clarified what activities count as transition financing.
Trump 2.0 promises to add to the uncertainties that chief sustainability officers have had to tackle over the last year. Sustainability became harder to sell in the boardroom, and in Asia, the talent crunch is still a problem.