Net Zero Commitment
Our commitment to Net Zero
UOB Thailand, as a subsidiary of UOB Group which is a leading financial institution operating in this region, is steadfast in being a positive force in the fight against climate change. UOB’s commitment to net zero by 2050 is grounded in the need for a just transition that continues to support socioeconomic growth and improve energy access across the diverse economies in the region, in tandem with decarbonisation.
As a commercial bank, UOB sees its role as a catalyst and enabler to influence the real economy towards net zero. UOB is embedding these net zero targets in its business strategies and operations. To this end, UOB Thailand will actively engage our clients to support them on setting their net zero plans or on making their existing net zero plans more ambitious, as well as through transition financing. We will also direct more financing towards green projects and activities, and away from those that emit the most carbon.
Our commitment and targets
UOB is guided by the science in setting the net zero targets and has based the targets on internationally-recognised climate models. In consideration of structural differences across the region, UOB has extracted regional pathways for some targets that represent fair contributions of its key markets.
As a start, UOB has covered two key carbon-emitting ecosystems, namely energy and the built environment.These span six focus sectors that are material contributors to greenhouse gas (GHG) emissions regionally and account for about 60 per cent of UOB’s corporate lending portfolio. The six sectors are among the most important for decarbonisation.
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Responsible Financing
UOB Thailand as part of UOB Group has embedded sustainability in our long-term business strategy
Facilitating Sustainable Investments
We offer sustainable investing solutions that integrate environmental, social and governance (ESG) considerations into the research, selection, and investment processes.
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
Responsible Financing
UOB Thailand as part of UOB Group has embedded sustainability in our long-term business strategy
Facilitating Sustainable Investments
We offer sustainable investing solutions that integrate environmental, social and governance (ESG) considerations into the research, selection, and investment processes.
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
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