ASEAN banks graded on their sustainable finance progress

Banks in ASEAN are making progress on sustainable finance; 32 of 38 banks have an announced strategy The adopted sustainable finance strategies can inform implementation but they remain just a starting point without other actions to address governance, measurement and disclosureBanks need to continually invest to keep pace with rapidly changing market expectations from regulators, customers and shareholders

The World Wide Fund (WWF) has released its latest annual Sustainable Banking Assessment (SUSBA) covering ASEAN, South Korea and Japan. The SUSBA report provides indicators on the presence or absence of key metrics for sustainable finance engagement. It found a significant increase in the share of financial institutions acknowledging Environmental, Social, and Corporate Gover...