DBS gambles on coal, as scrutiny arrives at its AGM

25 April 2019 At the annual general meeting of DBS today, the Singaporean bank was challenged over its plans to excuse several proposed projects from its policy to stop funding new coal power. Last Thursday DBS released what, in all fairness, was a pretty good policy on coal power plants. … Read More

WIN! Standard Chartered rules out new coal…. everywhere!

25 September 2018 Standard Chartered bank today updated its policy on lending to power generation, ruling out new coal power plants anywhere in the world. It confirmed the bank would no longer directly finance “any new coal-fired power plant projects, including expansions, in any location”. This marks a massive shift … Read More

Media release: Singaporean banks blowing smoke on climate

A new analysis from environmental finance group Market Forces shines a light for the first time on Singaporean banks’ continued funding of the coal industry, despite public pronouncements on climate action. Market Forces analysed data relating to the lending activity of Singapore’s big three banks, Oversea-Chinese Banking Corporation (OCBC), DBS … Read More