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| Overall Assessment |
Analysis |
Score |
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None
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United Overseas Bank Ltd has established a robust sustainability governance framework for climate-related matters, evidenced by “The Board receives twice-yearly updates on climate-related topics” including “regulatory developments, internal policies, direct environmental impact through our operations, indirect impact through our financing and investment activities,” and the TCFD working group “ensures that UOB maintains a robust and integrated platform for governing, implementing and monitoring climate change-related targets and strategies.” However, we found no evidence of any governance process specific to lobbying activities: the company does not disclose any policy or procedure for aligning direct or indirect lobbying with its climate goals, no oversight of trade association engagement is described, and it does not identify any individual or committee responsible for reviewing lobbying alignment with its sustainability agenda.
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E
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| Overall Assessment |
Analysis |
Score |
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Limited
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United Overseas Bank Ltd provides only limited insight into its climate-related lobbying. It indicates that it "collaborated with industry stakeholders, including regulators and international alliances, to advocate for greater clarity around transition pathways, policies and guidelines," but it never names a particular law, regulation or bill it has tried to influence. The bank describes broad engagement methods such as "participat[ing] in both global and regional thought leadership events" and “engag[ing] frequently with regulatory bodies,” yet it does not specify whether this occurs through formal consultations, written submissions, meetings or other channels, nor does it identify which government departments or officials are approached. Similarly, its objectives remain generic; it speaks of "engag[ing] with relevant stakeholders to help improve policies, data and technologies for the transition to net zero" and of supporting the adoption of emissions-reduction technologies, but it does not set out the concrete policy changes it wants to see enacted. Because the disclosures stop at high-level aspirations and do not detail the specific policies, lobbying techniques or measurable outcomes pursued, the bank’s transparency on climate lobbying is limited.
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D
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