However, the report also finds that although leading banks continue to enhance their environmental and social risk management policies and processes, half the banks assessed have made little or no progress since 2021.
The World Wide Fund for Nature Singapore’s (WWF-Singapore) 2022 Sustainable Banking Assessment (SUSBA), which now includes 36 Asean banks and 10 major Japanese and South Korean banks, finds that more than double the number of banks from 2021's assessment have committed to achieving net-zero financed emissions by 2050.
The report, released on Jan 12, says more Asian banks have made commitments to achieve net-zero financed emissions by 2050, increasing from seven banks in 2021 (15%) to 18 banks in 2022 (39%).
