Responsible Financing
UOB Thailand as part of UOB Group has embedded sustainability in our long-term business strategy, aligning with the United Nations Sustainable Development Goals (UN SDGs), the Paris Agreement and national goals of the jurisdictions in which we operate. As we push forward on our journey in building the sustainable future of ASEAN, we are committed to managing ESG risks prudently. We recognise that we have an important role to play in helping shape responsible actions from our customers through our financing and investing activities, as well as the banking solutions we offer.
Responsible financing policy
Established in 2017, UOB Thailand Responsible Financing Policy integrates the principles of The Association of Banks in Singapore (ABS) Guidelines on Responsible Financing into our credit evaluation and approval processes and applies to all borrowing customers within Corporate Banking and Commercial Banking and to the Bank’s capital market underwriting activities.
The policy is guided by Thailand Environmental Risk Management (ENRM) Framework and embedded within UOB Thailand’s Credit Policy. It is reviewed annually under the oversight of the Board Risk Management Committee and approved by the Board. Our responsible financing sector policies set out mandatory requirements and recommendations on managing the ESG risks of our lending portfolio in areas such as human rights, labour and working conditions, pollution prevention, resource efficiency, community health and safety, as well as biodiversity conservation. These risks are applicable throughout the financing life cycle.
Sector-specific policies
UOB also established sector-specific guidelines for selected high ESG risk sectors to guide our assessment of customers that fall within the eight ESG-sensitive industries as defined by the ABS Guidelines on Responsible Financing.
Related
Net Zero Commitment
Our commitment is grounded in the need for a just transition that continues to support socioeconomic growth and improve energy access in ASEAN.
Sustainable Investment Product Solutions
we offer quality investment solutions to help our clients invest for profit and purpose, as we manage their wealth successfully, responsibly, and sustainably
Facilitating Sustainable Investments
We offer sustainable investing solutions that integrate environmental, social and governance (ESG) considerations into the research, selection, and investment processes.
Net Zero Commitment
Our commitment is grounded in the need for a just transition that continues to support socioeconomic growth and improve energy access in ASEAN.
Sustainable Investment Product Solutions
we offer quality investment solutions to help our clients invest for profit and purpose, as we manage their wealth successfully, responsibly, and sustainably
Facilitating Sustainable Investments
We offer sustainable investing solutions that integrate environmental, social and governance (ESG) considerations into the research, selection, and investment processes.
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