SGS and UOB Hong Kong sign a Memorandum of Understanding to drive green and sustainable financing

SGS and UOB Hong Kong signed a Memorandum of Understanding (MoU) under which both parties ride on their respective strengths to promote sustainable finance and contribute to environmental protection and sustainable development.

The joint initiative brings synergy between the two organizations to companies that are looking for ways to make their business greener and advance towards a net-zero future. The collaboration sees the provision of services including professional sustainable finance certification, evaluation and accreditation as well as green and sustainable financial solutions. It also helps facilitate the development of sustainable financing in the Greater Bay Area and reinforce the leading position of Hong Kong as an international sustainable financial hub.

Mr Ricky Ng, Head of Wholesale Banking, UOB Hong Kong, said, “Sustainability is a strategic area in which we are focusing our efforts to create real impact, as part of our promise to do right by our stakeholders. At UOB, we have laid out a comprehensive roadmap for our net zero commitments and targets for six sectors in the energy and built environment ecosystems. The collaboration with SGS enables us to expand our support to customers and the wider business community at different stages of their sustainability journey.”

Mr Steven Du, COO, North East Asia, SGS, said, “As a leading provider of sustainability solutions, we recognize the importance of collaboration in advancing sustainable development. We are excited to partner with UOB Hong Kong to promote sustainable finance and contribute to a more sustainable future. This cooperation brings together our expertise in sustainability certification and training with UOB Hong Kong’s leadership in banking, enabling us to make a meaningful impact in driving sustainable finance and sustainable development in the community. Together, we envision a future where sustainability is integrated into every aspect of business and finance, and where we are able to create a healthier, more resilient world for generations to come.”

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