United Overseas Bank (UOB)

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Created before Nov 2016 Last update: Aug 26 2021

About (UOB) United Overseas Bank (UOB) is a Singaporean bank which was established in 1935. Over the years it has acquired several smaller banks. Currently, it operates in 19 countries in Asia, and North America and provides the following services: personal financial, , corporate banking, , , capital market activities, treasury services, futures broking, asset management, management, insurance and stockbroking services.

Website http://www.uobgroup.com/

Headquarters 80 Raffles Avenue, UOB Plaza 1 048624 Singapore

CEO/chair Wee Ee Cheong Deputy Chairman and Chief Executive Officer

Supervisor Monetary Authority of Singapore (MAS)

Annual Annual report 2020 reports CSR Report 2020

Ownership listed on Singapore Stock Exchange (SGX) UOB Group's shareholder structure can be accessed here.

Complaints UOB operates a Complaints mechanism which can be accessed here. and grievances

Sustainability

Voluntary standards United Overseas Bank (UOB) has committed itself to the following voluntary standards: ABS Guidelines on Responsible Financing Convention on International Trade in Endangered Species of Wild Fauna and Flora Equator Principles Forest Stewardship Council- 10 Principles of Forest Stewardship Global Reporting Initiative Ramsar Convention Roundtable on Sustainable Palm Oil (RSPO) Task Force on Climate-related Financial Disclosures UNESCO World Heritage Convention

Investment policies United Overseas Bank's web page on corporate social responsibility can be accessed here.

Responsible financing Date listed represents date as accessed on website Aug 26 2021 | UOB

Sector policy palm oil Aug 20 2021 | UOB Sector policy agriculture (excluding palm oil) Aug 20 2021 | UOB

Sector policy forestry Aug 20 2021 | UOB

Sector policy metals & mining Aug 20 2021 | UOB

Sector policy defense Aug 20 2021 | UOB

Sector policy chemical Aug 20 2021 | UOB

Sector policy infrastructure Aug 20 2021 | UOB

Sector policy energy Aug 20 2021 | UOB

Sector policy waste management Aug 18 2021 | UOB

Approach to sustainability Date listed represents date as accessed on website Dec 10 2020 | UOB

Code of conduct Sep 30 2019 | UOB

Anti-money laundering questionnaire Jun 25 2018 | UOB

Guidelines on responsible finance Jun 1 2018 | Association of Banks in Singapore

Equator Principles

Implementation and reporting The Equator Principles require that adopting banks publicly report on the implementation of the principles. You can find the reporting requirements for EPFIs here.

Contact and complaints The Equator Principles currently lack a formal complaints mechanism. Should you have any concerns or complaints about how the Equator Principles are being applied in a specific project in which United Overseas Bank (UOB) is also involved, please get in touch with our Equator Principles team.

Equator Principles Dodgy Deals BankTrack is monitoring the following Equator Principles projects that are co-financed by United Overseas Bank (UOB) -note that some files may be on record, no longer updated-:

Projects

Coastal GasLink pipeline Canada Pipeline Transportation of Natural Gas active

Trans Mountain Pipeline Expansion project (TMEP) Canada Pipeline Transportation of Crude Oil active

Hazelwood coal power plant Australia Coal Electric Power Generation on record Good moves 2021

East African Crude Oil Pipeline: more banks to stay away from troubled Total project The East African Crude Oil Pipeline, French oil company Total’s proposed 1,445 kilometer pipeline through Uganda and Tanzania, is coming under further pressure as more banks make clear that they are not taking part in a $3 billion loan to enable the project to proceed. The news comes as Uganda’s parliament…

Related Dodgy Deals

United Overseas Bank (UOB) has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects

Trans Mountain Pipeline Expansion project (TMEP) Canada active Pipeline Transportation of Crude Oil

Line 3 Pipeline Replacement Project (L3RP) United States target Pipeline Transportation of Crude Oil

Coastal GasLink pipeline Canada active Pipeline Transportation of Natural Gas

Hazelwood coal power plant Australia on record Coal Electric Power Generation

Companies

Wilmar International Singapore active Agriculture for Palm Oil

Adaro Energy active Coal Electric Power Generation | Coal Mining

OLAM Singapore active Agriculture for Food Crops | Agriculture for Palm Oil

Indofood Indonesia active Agriculture for Palm Oil

BHP Billiton Australia on record Coal Mining | Mining | Oil and Gas Extraction

Bumitama Indonesia on record Agriculture for Palm Oil

Golden Agri-Resources (GAR) Singapore on record Agriculture for Palm Oil

Marubeni Japan on record Coal Electric Power Generation | Mining | Pulp, Paper and Paperboard Mills

Golden Veroleum Liberia (GVL) Liberia on record Agriculture for Palm Oil