A Sustainable City Needs Sustainable Finance
by The Daily Eye Team June 13 2015, 4:40 pm Estimated Reading Time: 0 mins, 44 secsA new report by WWF reveals that banks in Singapore, Malaysia and Indonesia perform poorly when it comes to ESG standards. It may come as a surprise to many that Singapore banks fared the worst. The world of banking and finance rarely looks to the conservation sector for advice on the direction of their industry; but a new report issued by the World Wide Fund for Nature (WWF) on the finance industry in Singapore, Malaysia and Indonesia may prove to be the exception to the rule. Launched at an event organised by the Singapore International Institute of Affairs last month, WWF’s report – titled Sustainable finance in Singapore, Indonesia and Malaysia – is a ground-breaking piece of research that shines the spotlight on financiers, investors and regulators in these three countries and benchmarks them against their global peers.