The Business Times
business-time-50
ESG Insights
·
SUBSCRIBERS

Issue 198: UBS cuts Asia ESG staff; S-E Asian renewables assets face high climate risk

This week in ESG: Swiss bank sheds four of seven Asia sustainability team staff; Zurich Insurance finds 75 per cent of assets at high risk of severe climate impact by 2030

Summarise
google-preferred-sourceAdd BT as a preferred source
Kenneth Lim

Kenneth Lim

Published Fri, Jun 12, 2026 · 07:00 PM
    • Foundit Insights Tracker data show that green jobs’ share of total hiring posts has increased to 4.4 per cent in the first five months of 2026, from 2.8 per cent in 2023.
    • Foundit Insights Tracker data show that green jobs’ share of total hiring posts has increased to 4.4 per cent in the first five months of 2026, from 2.8 per cent in 2023. ILLUSTRATION: KENNETH LIM

    Green economy

    Green jobs outlook depends on where you stand

    South-east Asia’s green-jobs market could face an uneven landscape marked by tension between supportive policy and near-term economic realities.

    The latest negative headline comes courtesy of UBS, which has cut its seven-person Asia sustainability team to a headcount of three, Bloomberg reports. The move is part of a global reduction in the environmental, social and governance (ESG) functions at UBS following its acquisition of Credit Suisse, with the chief sustainability office now staffed with only about 35 employees from more than 100 in mid-2023.

    ESG InsightsGreen economyJobs and skillsLabour MarketInsurancerenewablesRenewable energyClimate changeESG

    TRENDING NOW

    The market anxiety stems from fears that China's tighter framework could restrict North Asian wealth management pipelines.

    Singapore banks’ rout on new China scrutiny of wealth flows ‘overblown’: Maybank

    The mansion is located in Shek O, a tranquil enclave on the eastern edge of Hong Kong Island.

    HK$563 million sale of mansion to Singapore citizen among Hong Kong’s largest property deals in 2026

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More