Singapore's OCBC to launch $500m decarbonization fund

Singapore's OCBC to launch $500m decarbonization fund

FILE PHOTO: The OCBC Bank logo is seen outside its headquarters after the bank reported its first-half results, in Singapore, August 3, 2022. REUTERS/Anshuman Daga/File Photo

Singaporean lender Oversea-Chinese Banking Corp. will create a fund of up to $500 million to finance decarbonization-related businesses in Southeast Asia, joined by an investment company affiliated with the Development Bank of Japan.