ESG Currents

Singapore's UOB on Driving Sustainability in Asia

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Apr 23, 2025
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ANECDOTE

Eric Lim's Sustainability Start

  • Eric Lim began sustainability work as an extracurricular activity during finance duties triggered by new regulations in Singapore around 2016-2017.
  • His early involvement changed his view of sustainability from CSR to vital business integration and responsible capitalism.
INSIGHT

Deliver, Don't Just Talk Sustainability

  • Sustainability needs to transition from passion to delivery, focusing on what scales and is commercially viable.
  • Anti-ESG sentiment separates what works like green industrial policy versus less effective sustainability efforts.
ADVICE

Bank's Role in Sustainable Finance

  • Banks must support economies sustainably by financing client transitions from high-carbon to low-carbon models.
  • Use the balance sheet to enable sustainable economic development aligned with client needs across sectors and countries.
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