Singapore-based UOB has set up a sustainability advisory panel comprising sustainability and industry experts to independently advise the bank’s board and management on its sustainability strategy, targets and initiatives. The panel will also assist the board and management in fulfilling their oversight responsibilities as the bank executes its sustainability and net-zero agenda.

In consideration of the bank’s sustainability strategy as well regional and sectoral focus, UOB has appointed three members to the sustainability advisory panel for a one-year term starting October 1 2023. They are Neo Gim Huay, managing director, Centre for Nature and Climate at the World Economic Forum; Yoon Young Kim, cluster president for Singapore, Malaysia and Brunei at Schneider Electric; and Mark Gainsborough, chairman of Seatrium.

UOB sustainability advisory panel members ( from left ) Neo Gim Huay, Yoon Young Kim, and Mark Gainsborough.

All three members are experts in their own fields of climate science, sustainability in Southeast Asia and in the wider industrial economy, particularly in energy transition. The bank says these areas are aligned with its commitment to net zero and support for a just transition that advances socio-economic development in tandem with decarbonization in the region.

The panel will work closely with UOB’s corporate sustainability office, and advise the bank’s board and management on a range of matters including:

• Sustainability and industry trends relevant to the bank and the region;
• The bank’s sustainability strategy, targets and initiatives; and
• Management of environmental, social and governance-related risks and opportunities.