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SGS and UOB Hong Kong Sign a Memorandum of Understanding to Drive Sustainable Financing

May 03, 2023

SGS and UOB Hong Kong signed a Memorandum of Understanding (MoU) under which both parties ride on their respective strengths to promote sustainable finance and contribute to environmental protection and sustainable development.

The joint initiative brings synergy between the two organizations to companies that are looking for ways to make their business greener and advance towards a net-zero future. The collaboration sees the provision of services including professional sustainable finance certification, evaluation and accreditation as well as green and sustainable financial solutions. It also helps facilitate the development of sustainable financing in the Greater Bay Area and reinforce the leading position of Hong Kong as an international sustainable financial hub.

Mr Ricky Ng, Head of Wholesale Banking, UOB Hong Kong, said, “Sustainability is a strategic area in which we are focusing our efforts to create real impact, as part of our promise to do right by our stakeholders. At UOB, we have laid out a comprehensive roadmap for our net zero commitments and targets for six sectors in the energy and built environment ecosystems. The collaboration with SGS enables us to expand our support to customers and the wider business community at different stages of their sustainability journey.”

Mr Steven Du, COO, North East Asia, SGS, said, “As a leading provider of sustainability solutions, we recognize the importance of collaboration in advancing sustainable development. We are excited to partner with UOB Hong Kong to promote sustainable finance and contribute to a more sustainable future. This cooperation brings together our expertise in sustainability certification and training with UOB Hong Kong's leadership in banking, enabling us to make a meaningful impact in driving sustainable finance and sustainable development in the community. Together, we envision a future where sustainability is integrated into every aspect of business and finance, and where we are able to create a healthier, more resilient world for generations to come.”

About UOB

United Overseas Bank (UOB) is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For nearly nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within and connecting with ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalized banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to helping businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.

About SGS

We are SGS – the world’s leading testing, inspection and certification company. We are recognized as the global benchmark for sustainability, quality and integrity. Our 97,000 employees operate a network of 2,650 offices and laboratories, working together to enable a better, safer and more interconnected world.

For further information, please contact:

Toby Reeks


Toby Reeks

Investor Relations

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