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While governments across South East Asia step up their efforts to tackle severe environmental and social challenges, the banking sector continues to finance business activities that contribute to these challenges. In doing so, the sector exposes itself to environmental and social risks.

WWF’s report ‘Sustainable Banking in ASEAN: Addressing ASEAN’s FLAWS’ reviews the sustainable finance regulatory landscape in the region of the Association of South East Asian Nations (ASEAN) to explore the ESG integration progress of banks and their alignment to sustainable development.

The report explains that banks need to adopt robust sustainable banking guidelines and take urgent action to support governments and markets in preventing a looming environmental and social crisis that could cripple the region’s future economic growth, and hit the banks’ own profitability.

Download the report (PDF)

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