News / #science-based targets
Following a Trump-led assault on climate policy in the US, Australia and India have seen steep climate policy decelerations over the last three months, a new report finds. Confidence in hydrogen as a decarbonisation solution is waning fast as projects are cancelled.
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Global sustainability setbacks will not affect the Singapore lender’s transition engagement efforts with businesses, especially those committed to their net zero efforts, says Yoonmee Jeong, who heads OCBC's global wholesale banking sustainability office.
Some companies have been gaming their climate targets to attract investment, with most struggling to cut "impossible" supply chain emissions, the United Nations Global Compact Network Thailand executive director said at an event in Singapore last week.
Almost two years in the making, the guidance aims to help companies avoid making exaggerated green claims. It emerges 10 months after an advertisement claiming "eco-friendly" air travel was banned.
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