Unlike traditional carbon measurement solutions that often require lengthy and tedious manual inputting of data, UOB TMRW’s feature will:
UOB was awarded the Monetary Authority of Singapore’s Financial Sector Technology and Innovation (FSTI) Proof of Concept (POC) grant in October 2021 for this project. The FSTI POC grant provides funding support for experimentation, development, and dissemination of nascent innovative technologies in the financial services sector.
Mr Eric Lim, Chief Sustainability Officer, UOB, said, “We believe the confluence of technology and sustainability will continue to pave the way for innovative climate change solutions. There is clear demand from customers to help them take action against climate change – we hear them and are responding accordingly.
“This feature is an integrated part of UOB’s wider sustainability strategy, extending it beyond sustainable products and investments, to empowering customers to work with banks to fight climate change and to forge a more sustainable future together.”
The new Carbon Insights feature is expected to be made available to a select group of UOB customers next year before a broader launch, first in Singapore. Upon launch, Carbon Insights will complement UOB’s existing suite of sustainable products for retail customers including its Go Green Home Loan, Go Green Car Loan and its full suite of Sustainable Investment solutions.
by : on 2021-11-08 03:22:00
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