Net Zero Commitment

UOB’s commitment to building a sustainable ASEAN

Southeast Asia, a region with almost 700 million in population, is UOB’s home ground and where our strategic focus is. Also one of the most vulnerable regions to climate change, the region is facing stark consequences – rising sea levels, heat waves, droughts and increasingly severe rainstorms and floods. Southeast Asia risks losing more than 35% of its gross domestic product (GDP) by 2050 due to climate change.

At UOB, we believe that we must deliver environmental commitments that incorporate energy security, as well as economic and social equity and equality, considering the just transition of the region. Southeast Asia has been reliant on fossil fuels such as thermal coal to drive massive economic expansion, urbanisation and industrialisation in the past two decades, and the shift towards decarbonisation can result in trade-offs with real-life consequences.

As a leading financial institution operating in this region, UOB is steadfast in being a positive force in the fight against climate change.