Singapore | Leading financial centre in Asia
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










World Wide Fund for Nature Singapore Introduces Sustainable Private Banking & Wealth Management Framework & Conducted Pilot Study with 7 Private Banks, 4 of 7 Private Banks Check Portfolios for ESG Events

10th June 2023 | Hong Kong

The World Wide Fund for Nature Singapore (WWE-Singapore) has introduced a Sustainable Private Banking & Wealth Management Framework and conducted a pilot study with 7 private banks in Singapore, with 4 of the 7 Private Banks indicated they check portfolios for ESG events (Environmental, Social & Governance risk events, including deforestation and violations of human rights).  3 of the 7 private banks have set science-based targets for decarbonisation, 5 of 7 private banks use forward-looking ESG risk analysis methods, 2 of 7 private banks include ESG as a factor in KYC & onboarding client, 1 of 7 vote on behalf for clients, and none of the 7 private banks have active shareholder (Investee) engagement. See below for WWE-Singapore Sustainable Private Banking & Wealth Management Framework.  View Pilot Study here

” World Wide Fund for Nature Singapore Introduces Sustainable Private Banking & Wealth Management Framework & Conducted Pilot Study with 7 Private Banks, 4 of 7 Private Banks Check Portfolios for ESG Events “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
23rd July Hong Kong | 25th July Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 23rd July 2024 in Hong Kong, 25th July 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
16th Oct Hong Kong | 23rd Oct Singapore

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





 

R. Raghunathan, WWF-Singapore CEO:  “Finance is a lever for change that can help deliver an equitable, net-zero, nature-positive future. Private banks manage considerable financial resources for their clients and therefore, are in a unique position to advise on sustainable products and services.”

Kristina Anguelova, WWF-Singapore Head of Asia Sustainable Finance: “In our pilot study, we have identified opportunities for private banks to proactively address ESG risks and further integrate sustainability into their operations. With growing wealth in Asia, private banks can engage multi-generational wealth owners to create impact with their assets, social capital and philanthropy.”

 

 

Sustainable Private Banking & Wealth Management (SPRING) framework

Singapore | Leading financial centre in Asia

Six-pillar framework

The SPRING framework is built on six fundamental pillars (Appendix 1) that emphasise the importance of sustainability in achieving long-term portfolio growth. These pillars underline the role of private banks in supporting their clients to allocate resources to finance sustainable development, connecting to the real economy, and protecting natural capital. Along with the framework’s 48 sub-indicators, it measures the robustness of ESG integration in the private banking sector and encompasses the private banks’ policies, practices, client-related activities, processes, and policies and commitments. It evaluates various areas of the private banks’ business, including investments (discretionary portfolio management – DPM – investment advisory, and execution), wealth planning, and philanthropy.

Following the development of the framework, WWF-Singapore conducted a pilot study  from October 2022 to February 2023 with seven private banks that have presence in Singapore and headquarters in the US (1), Europe (2) and Asia (4). The pilot was based on the SPRING framework structure to assess environmental, social, and governance (ESG) integration efforts

Key Observations From WWF-Singapore’s Pilot Study

  1. Currently, private banks are making commitments to integrate sustainability, however there is a need to tailor and integrate these specifically to the reality of private banking, including  measurable targets and increased focus on climate and nature-related risks.
  2. There is a need for stronger risk management among private banks. There are some green shoots with private banks undertaking ESG risk assessments and scenario analysis, using multiple data sources for due diligence at the group level, but it needs to be an integral part of the private banks’ processes.  More so, there is a need for private banks to better incorporate banking best practices such as ESG risk assessments and scenario analysis as part of their own processes
  3. Majority of private banks have group-level oversight committees. There is limited progress on the appointment of dedicated sustainability officers and in the incorporation of sustainability considerations into board audit and nomination processes.
  4. ESG considerations also provide an opportunity for banks to understand their clients’ risk profiles and investment preferences and is an area where private banks can progress. Banks that do not factor ESG considerations in their assessment are more vulnerable to reputational and regulatory risks.
  5. Banks have the potential to make a meaningful impact in advancing sustainability efforts by assisting clients with ESG-focused strategies, exercising delegated voting and engagement rights, as well as advocating for improved business practices within invested companies.

Looking ahead, WWF-Singapore aims to continue to partner with banks, investors, regulators, and stock exchanges in Asia to integrate ESG into mainstream finance and build more resilient and sustainable financial systems.

 

About WWF-Singapore

World Wide Fund for Nature (WWF) is one of the world’s largest and most respected independent conservation organisations. WWF’s mission is to stop the degradation of the earth’s natural environment and to build a future in which humans live in harmony with nature.  WWF-Singapore works locally and around the region to create impactful change around climate, circular economy, wildlife, biodiversity and sustainable finance by engaging individuals, communities, businesses and governments. Our mission is to stop the degradation of the planet’s natural environment and to build a future in which people live in harmony with nature.  For more information, please visit wwf.sg.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    InvestorProfessionalFamily OfficeExecutive


    SubscriptionMembershipEvents


    Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights










    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous articleFacebook Co-Founder Eduardo Saverin B Capital in Talks to Raise $500 Million for Early Stage Venture Fund, Focusing on Seed & Series A Rounds in Enterprise Software, Healthcare, Fintech & Climate Technology
    Next articleCapgemini World Wealth Report 2023: HNW Population at 21.7 Million with $83 Trillion Global Wealth, 210,000 UHNWs Representing 1% of HNW Population & 34% of HNW Wealth, Top 2 Goals are Wealth Preservation & Wealth Growth
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia