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 and finance play a critical role in driving corporate sustainability (CS) through directing funds only to companies that have viable CS strategies and activities.
CGS, in collaboration with the Singapore Exchange and WWF, produced reports on ‘Perspectives of Financial Institutions on Sustainability Disclosures’ and the state of sustainable banking in Singapore and ASEAN.