The six frameworks are circular economy, green buildings, sustainable cities, sustainable food and agribusiness, sustainable trade and transition finance. According to the bank, these frameworks are also independently validated by independent consultant ERM to ensure credibility.
United Overseas Bank (UOB) has enhanced its sustainable financing framework by incorporating the Singapore-Asia Taxonomy, saving small- and medium-sized enterprises (SMEs) time and resources while granting easier access to sustainable financing.
According to an April 15 announcement, UOB is the only Singapore bank to incorporate the Monetary Authority of Singapore’s (MAS) Technical Screening Criteria (TSCs) of the Singapore-Asia Taxonomy into all of its six sector-focused sustainable financing frameworks.
