Environmental and social impact assessments will have to be arranged by borrowers and submitted with their loan applications.
July 12, 2022The main risk which is unique to Islamic banks is Shariah compliance risk - where noncompliance with Shariah rulings carries "significant reputational risk".
July 6, 2022GFANZ identifies four critical approaches for financial institutions to support real-economy GHG emissions reductions.
June 24, 2022China’s new National Climate Adaptation Strategy 2035 New Climate Adaptation Strategy encourages financial institutions to innovate and expand solutions.
June 20, 2022High-tech companies in 17 provinces/cities can borrow funds from overseas to finance R&D and accelerate their development.
June 2, 2022Over 70 participants have signed on to use SGTraDex - including DBS, OCBC, Standard Chartered, UOB, Trafigura, ExxonMobil and Chevron.
June 2, 2022New rules were issued to facilitate the issuance of affordable rental housing REITs, and to enable already-listed infrastructure REITs to acquire more assets.
June 2, 2022The pledge signals an easing of the year-long crackdown in the tech sector, and a move away from restrictive lending to the property sector.
May 6, 2022The UK's advertising watchdog says HSBC misled customers by selectively promoting its green initiatives without mentioning its continued financing of fossil fuel businesses.
May 4, 2022The move is aimed at standardising the key principles banks follow when handling large-scale project financing cases involving environmental and social risks.
April 29, 2022