Asia is one of the world’s most vulnerable regions to the impacts of climate change, yet its contribution to global emissions continues to increase.

Banks have a critical role to play in driving change, but true progress will only come when it is common practice for Asia’s biggest lenders to systematically address climate change considerations with their clients.

This report provides a timely update on the progress banks in Thailand, Malaysia, Indonesia, and the Philippines have made since ARE’s touchstone 2022 study “Banking Asia’s Future”.

While we find steady improvements, significant gaps remain, and regional banks now risk falling further behind peers in Singapore, Japan, and South Korea. Our latest report identifies the key challenges that remain and offers a series of actions lenders can take to capture the opportunities of climate leadership and drive Asia towards a low-carbon future.