United Overseas Bank (UOB) Singapore
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Created before Nov 2016 Last update: Aug 26 2021
About United Overseas Bank (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, Western Europe and North America and provides the following services: personal financial, private banking, corporate banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital 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 Indonesia 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