ESG-associated opportunities and risks are becoming increasingly relevant for financial institutions. Not only do sustainable operations make sense for the environment, they are also linked with better economic performance. Banks are concerned not only with their own ESG footprint, but also the ESG risks and opportunities they are subject to as a lender.
Within the real economy sectors in Singapore, challenges persist for businesses as they seek to navigate the complex ESG landscape.
From accessing the relevant insights, to scaling innovative solutions providers, to facilitating training and incorporating digital ESG solutions, we support banks and the real economy sectors by connecting them with the right solutions to address their challenges.
The ESG Banking Centre of Excellence (COE) was established to connect banks with real economy sectors and to add value to banks’ decarbonisation efforts with a pointed focus on transition finance, carbon economics and the circular economy. It intends to facilitate a global response from Singapore as a global distributor of excellence through 4 core pillars:
Our teams support banks facing these ESG challenges. From assessment through to assurance, they are skilled at implementing complex, multidisciplinary programs of work.
Antony Ruddenklau
Partner, Head of Financial Services, Global Head of Fintech and Innovation, Financial Services, KPMG International and Head of Payments, Asia Pacific
KPMG in Singapore
