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UOB sets 2050 net zero target, rules out new oil and gas financing
31 October 2022United Overseas Bank (UOB) has announced a 2050 net zero target across its lending portfolio, and has also become the first bank in Asia to rule out new financing for upstream oil and gas projects.
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UOB exceeds sustainability targets
17 February 2022United Overseas Bank Group's (UOB) sustainable finance portfolio reached S$17 billion ($12.6 billion) in 2021, exceeding its target of hitting a S$15 billion sustainable finance portfolio by 2023.