By Ginanjar Ariyasuta, Indonesia Energy Finance Campaigner, Market Forces Pick up any major Southeast Asian bank's sustainability report and you will find a coal funding commitment. The language is confident. The dates are specific. But banks from Jakarta to Kuala...
CIMB
Over 80% concerned about climate change in Indonesia, Malaysia and Singapore
Tuesday 19 May: More than four out of five people in Singapore (81%), Malaysia (84%) and Indonesia (96%) are moderately to extremely concerned about climate change, according to a survey conducted by YouGov, in new research commissioned by Market Forces. The new...
Southeast Asian banks need to end loopholes allowing finance for industrial coal powerÂ
By Binbin Mariana, Senior Asia Energy Finance Campaigner, Market Forces, a clean energy finance advocacy organisation working across Asia and Australia. Southeast Asia’s biggest banks have made public commitments to sustainability and phasing out financing for coal,...
Major UK bank cuts ties with Indonesian mega coal producerÂ
Jakarta, 14 July 2022 - One of the largest United Kingdom banks, Standard Chartered, has confirmed that it is ending investment in Indonesia’s second largest coal producer, PT Adaro Indonesia and other banks need to follow suit in line with their energy and fossil...
Adaro Energy: Betting on the failure of global efforts to stop climate change
Adaro Energy Indonesia (Adaro) held its AGM in April 2022, confirming business plans consistent with the failure of the Paris Agreement. Despite evidence to the contrary from the IEA and other experts, the company stated its view that in the long term, the...
Media release: Banks betray communities and climate in funding Jawa 9 and 10
17 July 2020 Reacting to the news that a club of banks, led by DBS and including Korea Export Import Bank, Korea Development Bank and Hana Bank, CIMB, Maybank of Malaysia, Bank of China, Bank Mandiri, Bank Negara Indonesia and Exim Bank of Indonesia have signed a 15...