ESG
Japan’s Norinchukin Bank has hit 60% of its sustainable finance target
                                                                                 
                    
                    The bank also participated in 7 sustainability committee meetings in FY2023.
                
                                
            Japan’s Norinchukin Bank has hit 60% of its sustainable finance target
                                                                                                                 
                            
                            The bank also participated in 7 sustainability committee meetings in FY2023.
                        
                                                
                        
    
                    MAS kicks off public consultation for code of conduct of ESG ratings, data products
                                                                                                 
                        
                        The proposed code will establish minimum industry standards of transparency in methodologies and data sources.
                    
                                        
                    
                Less than 10% of global energy financing went to renewables: study
                                                                                                 
                        
                        Of the $2.5t funneled to energy firms, only $178b were for clean energy activities, the report said.
                    
                                        
                    
                Singapore unveils industry guidelines for sustainable private banking
                                                                                                 
                        
                        The industry group sustainability taskforce has also developed a training benchmark.
                    
                                        
                    
                Citi unveils Sustainable Time Deposit solution in APAC
                                                                                                 
                        
                        It will fund environmental and social projects such as water and sanitation infrastructure.
                    
                                        
                    
                Singapore’s push into ESG investing
                                                                                                 
                        
                        Transparent and trustworthy reporting standards made Singapore a regional financial hub. Can it do the same with green investing?
                    
                                        
                    
                OCBC invests S$25m to reduce carbon footprint in operations
                                                                                                 
                        
                        The bank plans to retrofit its buildings with solar panels.
                    
                                        
                    
                Financing a better future: How FSIs can develop an ESG strategy
                                                                                                 
                        
                        An expert from ServiceNow said data is key for ESG integration.
                    
                                        
                    
                FIs need to set clear net-zero goals else loans, assets deteriorate: Moody’s
                                                                                                 
                        
                        Delayed goals and actions would hurt banks’ asset and loan quality in the future.
                    
                                        
                    
                UOB adopts the Equator Principles to refine sustainability strategy
                                                                                                 
                        
                        The bank will apply the principles to assess and manage environmental and social risk projects.
                    
                                        
                    
                Mizuho, IFC inks MOU to establish carbon facility
                                                                                                 
                        
                        It will facilitate the purchase and sale of voluntary carbon credits.
                    
                                        
                    
                Bank of Singapore factors in ESG in loan quantum assessment
                                                                                                 
                        
                        Those secured by a mutual fund with an ESG rating of AAA or AA will have their advance ratio increased by 5 ppt.
                    
                                        
                    
                Weekly Global News Wrap: Citi to lift junior bankers' base salaries; StanChart begins banking services in Saudi branch
                                                                                                 
                        
                        And JPMorgan acquires ESG investing platform OpenInvest.
                    
                                        
                    
                Creating a more ESG-compliant business: Here’s what you should know
                                                                                                 
                        
                        Effective ESG implementation in a company’s framework is more than just conceiving a vision and aligning it with their goals.