06 Oct Bank body to issue guidelines on responsible financing
SIIA Assistant Director Cheong Poh Kwan was quoted by TODAY in a report on the move by the Association of Banks in Singapore (ABS) to release guidelines on responsible financing.
The Singapore Institute of International Affairs (SIIA) had told TODAY that it has reached out to several Singapore financial institutions to raise awareness on sustainable financing and investing. Global banks such as Standard Chartered and Citibank are leading the way in this regard.
Nevertheless, one of the local banks, the Oversea-Chinese Banking Corporation (OCBC), has taken the “first step” by starting to incorporate environmental risk factors in its corporate credit policies, said Ms Cheong Poh Kwan, SIIA’s assistant director for sustainability.
This article originally appeared in TODAY on 6 Oct 2015. Read the full article here
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