The Steady Progress in Sustainability in Asia/Pacific Banking: What Leading Banks Have Achieved
This IDC Perspective presents the current state of sustainability in Asia/Pacific banking in 2022. It also highlights the achievements of six leading Asia/Pacific banks in sustainability. Successes include the achievement of net-zero goals, launch of digital products and services, and recalibration of lending toward green loans. These fall within the framework based on the unique role of banks in meeting sustainability goals."Banks will need to build new skills in assessing client climate risk resilience and manage transition risks for their customers and their very own businesses. They can be masters of assessing the resilience of the new ways that their clients operate in the supposedly greener future of business. The rise of advisory businesses vis-a-vis sustainability is proof that banks are already taking this seriously," says Michael Araneta, associate VP, IDC Financial Insights Asia/Pacific.
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