Driving sustainable finance in Southeast Asia
for a greener future
With a population of 700 million people and a combined gross domestic product of close to US$3 trillion, Southeast Asia accounts for 20 per cent of the world’s forest cover and rich biodiversity. The region has a landmass of more than 1.7 million square miles that supports natural habitats, agriculture, manufacturing and massive cities. It is also responsible for 1.5 billion tonnes of carbon dioxide emissions on an annual basis.
Therefore, Southeast Asia is critical in global efforts to address climate change and to drive sustainability. A leading bank in Asia, UOB believes that the financial industry has a responsibility to engage various stakeholders across the region and to help companies in their transition to promote sustainability.
Founded in 1935, UOB is deeply committed to Southeast Asia’s sustainable growth and prosperity, leveraging its fundamental strengths, along with a deep understanding of the region’s diversity and potential. UOB’s Deputy Chairman and Chief Executive Officer, Wee Ee Cheong, shares, “As the region transforms, we see tremendous opportunity in green technologies and business models, sustainable cities and infrastructure.”
It is increasingly clear that financial institutions are in a strong position to contribute to a region’s growth and development. UOB is aware of how it can motivate change and is determined to do just that. The company’s Chief Sustainability Officer, Eric Lim, adds, “UOB is committed to playing our role in the region's transition towards a sustainable and climate resilient economy through the provision of sustainable financing and sustainable investment solutions.”
The bank is engaging with clients in the region, such as Sunseap and Musim Mas, to offer sustainable financing frameworks along with simple and transparent solutions to help them implement their sustainability strategies.