DBS sets the stage to cut thermal coal exposure

By Pan Yue
16 Apr 2021

DBS Bank is aiming to reduce its thermal coal exposure to zero by 2039, joining a group of global investors and banks that have made similar commitments to tackle climate change.

The Singaporean bank has announced a few measures to achieve its goal. It will stop bringing in new customers that earn more than 25% of their revenues from thermal coal effective immediately, as well as stop financing existing customers that get more than half their revenue from the ...

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