Banks’ Pledge for Green Financing

UNITED Overseas Bank Limited or UOB has set ambitious targets to support green financing in Southeast Asia. The Singapore-based bank aims to reach zero carbon emissions by 2050. “That is quite an ambitious target, but still realistic,” said UOB Deputy Chairman and Chief Executive Officer (CEO) Wee Ee Cheong on Monday, 7 November.

To achieve this target, UOB disbursed 60 percent of loans to six sectors: electricity, electric vehicles,

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