Jakarta/Singapore, Tuesday 8 September 2026 – New analysis from Market Forces reveals that the three largest Singaporean banks — DBS, OCBC, and UOB — have been bankrolling industrial ‘captive’ coal power plants between 2020 and 2025, despite publicly announcing and...
DBS
Analisis Terbaru: Bank Singapura Masih Biayai PLTU Batu Bara, meski Berkomitmen untuk Berhenti
Jakarta/Singapore, 8 September 2026 – Analisis terbaru dari Market Forces mengungkapkan, tiga bank asal Singapura yaitu DBS, OCBC, dan UOB masih membiayai proyek PLTU batu bara captive antara tahun 2020 hingga 2025. Padahal sejak tahun 2019, ketiga bank tersebut...
Asian banks hide behind a coal funding smokescreen
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...
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 power
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,...
Adaro’s climate destruction journey
A recap of the mounting pressures and reputational risks linked with Adaro’s controversial coal activities In 2023, Adaro published a “decarbonization journey” that supposedly would carry the company towards a green transformation. Although it has recently...
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...
Adani Ports kicked off MSCI indices due to Carmichael coal link
26 November 2021 Finance research and ratings company MSCI wrote to its clients on Tuesday informing them that Adani Ports and Special Economic Zone (Adani Ports, also referred to as APSEZ) is about to be kicked off four MSCI climate indices, after its links to the...
APLNG seeks massive expansion of polluting gas drilling
16 April 2021 Scientists have been clear that meeting the Paris Agreement’s climate goals means no expansion of the polluting gas industry.[1] Yet one of Australia’s largest and most polluting gas export projects, Australia Pacific LNG (APLNG), is seeking approval to...
HSBC bows to pressure and will phase out coal lending. It must also cut ties with Adani
16 March 2021 In response to a shareholder resolution coordinated by ShareAction, HSBC, Europe's largest bank and one of the biggest backers of fossil fuels, has announced it will table its own resolution on plans to phase out financing for coal-fired power and...