UOB today announced that it has been approved to join the Equator Principles 
Association and has adopted the Equator Principles (EPs), a risk management 
framework used by financial institutions globally for determining, assessing 
and managing environmental and social risk in projects[1]. The EPs provide 
financial institutions with a set of internationally-recognised standards for 
due diligence and monitoring of projects to support responsible risk 
decision-making.

As an Equator Principles Financial Institution (EPFI), UOB is committing to the 
implementation of the EPs in its environmental and social policies, procedures 
and standards for financing projects. 

Mr Eric Lim, Chief Sustainability Officer, UOB, said, "As an EPFI, we will 
ensure that rigorous environmental and social standards are applied in the 
projects we support, from the project development stage through to follow-up 
monitoring. UOB's adoption of the EPs underscores our ongoing integration of 
sustainability into our business strategy and lending practices, as we fulfil 
our role as a catalyst and enabler in helping our clients across the region to 
grow responsibly."   

At UOB, environmental, social and governance (ESG) risk is actively monitored 
and managed. The adoption of the EPs will further strengthen the Bank's 
processes and practices as it continually enhances its approach to ESG risk 
management, Responsible Financing Policy and disclosure. 

In supporting the national sustainability agenda of the countries in which it 
operates, especially across Southeast Asia, UOB is also proactively working 
with its clients to drive sustainable development. The Bank provides 
sustainable financing solutions that enable its clients to create positive 
environmental and social impact in areas such as sustainable infrastructure and 
land use, renewable and transitional energy, energy efficiency and 
connectivity, as well as circular economy. These solutions are anchored by the 
Bank's sustainable finance frameworks, including the UOB Smart City Sustainable 
Finance Framework, the UOB Green Trade Finance Framework, the UOB Real Estate 
Sustainable Finance Framework and the UOB Green Circular Economy Framework. As 
at the end of June 2021, UOB provided a total of S$13 billion in sustainable 
financing.

[1] A project is a development in any sector at an identified location and 
includes an expansion or upgrade of an existing operation.
 

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global 
network of around 500 offices in 19 countries and territories in Asia Pacific, 
Europe and North America. Since its incorporation in 1935, UOB has grown 
organically and through a series of strategic acquisitions. UOB is rated among 
the world's top banks: Aa1 by Moody's Investors Service and AA- by both S&P 
Global Ratings and Fitch Ratings. In Asia, UOB operates through its head office 
in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand 
and Vietnam, as well as branches and representative offices across the region. 

Over more than eight decades, generations of UOB employees have carried through 
the entrepreneurial spirit, the focus on long-term value creation and an 
unwavering commitment to do what is right for our customers and our colleagues.

We believe in being a responsible financial services provider and we are 
committed to making a difference in the lives of our stakeholders and in the 
communities in which we operate. Just as we are dedicated to helping our 
customers manage their finances wisely and to grow their businesses, UOB is 
steadfast in our support of social development, particularly in the areas of 
art, children and education.

SOURCE United Overseas Bank