South-east Asia's largest lender DBS Bank has mapped out its decarbonisation targets in some of the most carbon-intensive sectors it finances, as the bank ploughs ahead with its net-zero pledge.
Decarbonisation targets have been set for seven sectors - power, oil and gas, automotive, aviation, shipping, steel and real estate.
Data coverage targets were also set for two sectors food and agribusiness, and chemicals.
An absolute emissions reduction target has been set for the oil and gas sector. By 2030, the bank is looking to reduce by 28 per cent the absolute emissions in this sector that are attributable to DBS.
This is in line with the International Energy Agency's net-zero emissions by 2050 scenario.
The bank on Tuesday said its target will cover emissions in categories known as Scope 1, 2 and 3.
Bu hikaye The Straits Times dergisinin September 14, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Straits Times dergisinin September 14, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
HARD-EARNED WIN FOR MAX
Verstappen pushes flat out’ to hold off Norris at Imola for fifth victory of season
FLYING NEMO THE VAMPIRE SLAYER
Pacific Vampire toothless at 3rd start, bubble burst by 281 shot
Generative Al falling short of promise to transform businesses
Enterprises underestimated what they needed, and overrated its business impact: Observers
China’s housing crash could set back millions of promising careers
HONG KONG - Ms Ivy Zhang figured she had it made.
Ever looked yourself up on a chatbot? Meta AI accused me of a workplace scandal
It has been more than a year since ChatGPT launched into the mainstream, but chatbots have not stopped lying.
600 among 25,000 who eraduated from polysabove age of 40
MOE hopes to see greater training participation in this age group after SkillsFuture top-up
Few early adopters seek repositioning of ERP 2.0 units to driver's footwell
Fleet operators say they have no plans to relocate units, citing absence of driver complaints
Plans to redevelop Bedok Stadium being studied
Public feedback invited with more diverse community, sport offerings on the agenda
Israeli opposition leader Gantz threatens to quit war Cabinet
He wants Netanyahu to offer plan to bring back hostages, end Hamas’ rule in Gaza
French forces act to take control of key road in New Caledonia
Territory has been convulsed by violence since May 13; factors include economic woes
