United Overseas Bank (UOB) has released its Annual Report 2024 and Sustainability Report 2024, marking a significant step in transparency and environmental responsibility. The reports are now available for download on UOB’s investor relations website.
The Annual Report features insights from UOB’s leadership, including statements from Chairman Wong Kan Seng and Deputy Chairman and CEO Wee Ee Cheong. Key business leaders, such as Frederick Chin, Head of Group Wholesale Banking and Markets, Susan Hwee, Head of Group Retail, and Dean Tong, Head of Group Human Resources, also contribute their reflections on the past year and their outlook for the future.
In a pioneering move, UOB’s Sustainability Report includes disclosures on nature and biodiversity, setting a precedent as the first local bank in Singapore to do so. This initiative underscores UOB’s commitment to integrating environmental considerations into its business practices.
The inclusion of nature and biodiversity disclosures is particularly noteworthy as it aligns with global trends towards greater environmental accountability in the financial sector. By addressing these issues, UOB not only enhances its sustainability credentials but also sets a benchmark for other local financial institutions.
As the financial landscape continues to evolve, UOB’s comprehensive reporting provides stakeholders with valuable insights into the bank’s strategic direction and environmental commitments. The reports are expected to influence future sustainability practices within the banking industry in Singapore.
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