As capital providers, banks are ideally placed to help the private sector adapt to new economic realities linked to environmental and social (E&S) sustainability – such as climate change, changing communities, and increased resource scarcity – and to contribute to national sustainable development agendas. Sustainable banking plays a critical role in driving corporate sustainability (CS) through directing funds only to companies that have viable CS strategy and activities.
CGIO, together with WWF, produced reports on the state of sustainable banking in Singapore and ASEAN since 2017. The 2 reports can be accessed below.