ASEAN Banks Make Progress on Climate Action but Gaps Remain, ARE Report Reveals [Yahoo! Finance]
PT BANK CENTRAL UNSP/ADR (PBCRY)
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Source: Yahoo! Finance
Up on Climate Action? , a report assessing the climate strategies of major banks in Indonesia, Malaysia, Thailand, and the Philippines. The study finds that ASEAN banks are making measurable progress, with 11 of 14 setting long-term net-zero goals for financed emissions—up from three in 2022—but still trail banks in Japan, Singapore, and South Korea, where decarbonisation targets are broader, deeper, and aligned with national net-zero goals for 2050. The Region's Biggest Banks in Focus The report covers 14 banks across four ASEAN markets: Indonesia: Bank Central Asia, Bank Negara Indonesia, Bank Rakyat Indonesia, Bank Mandiri. Malaysia: CIMB, Maybank, Hong Leong Philippines: BDO, Bank of the Philippine Islands, Metrobank Thailand: Bangkok Bank, KBank, Krungthai, Siam Commercial Policy Progress: Malaysia Leads, Thailand and Indonesia Catching Up Average policy performance rose to 38% in 2025 from 20% in 2022. More than half of banks have committed to stop new coal finan
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