A fifth of the lender’s portfolio faces high nature-related risks, says sustainability head Eric Lim, noting water’s broad impact and the lack of target-setting tools. Oil and gas, though a focus sector, was excluded from its analysis.
On the first World Glacier Day, experts urge Asia's businesses and policymakers to act this decade to slow glacier loss and ice melt, which remains “out of sight, out of mind” despite the region's extreme vulnerability to rising sea levels.
There are concerns that Malaysia's data centre boom will strain its water resources, spurring investor demand for water risks disclosures – especially in the technology sector. Firms must start valuing water risks and engaging suppliers.