EOS communicated to DBS investor concerns about sustainable palm oil production and pressed for an improved palm oil financing policy for existing borrowers.
We were pleased to see DBS improved its palm oil financing policy for all customers, requiring a “No Deforestation, no Peat, no Exploitation” commitment, or principles and criteria of the Roundtable on Sustainable Palm Oil for all its existing and new borrowers.
We will monitor DBS’ progress in implementing the sustainable palm oil policy for all its lending relationships and clear communication of its progress.
Hanah Chang is an experienced environmental sustainability specialist with over 10 years of corporate experience. She is responsible for EOS’ corporate engagements in Asia and leads on natural resource stewardship and circular economy. Prior to joining Federated Hermes, she worked as environment manager for Selfridges & Co and as consultant/manager for the Carbon Trust in London. At the Carbon Trust, she was responsible for business development and project delivery in corporate response to the TCFD's recommendations, science-based carbon reduction, business model development for circular economy and supply chain engagement. She has extensive experience working with senior executives in major companies in South Korea, where she worked in executive education. Her experience in the financial services industry in Seoul and New York further complements her role at Federated Hermes. Hanah holds an MSc in Environmental Change and Management from the University of Oxford and a BSc in Applied Economics and Management from Cornell University. She is fluent in English and Korean and speaks conversational French and Mandarin.
Social injustice occurs when people do not have access to the same rights and opportunities afforded to others, due to race, ethnicity, gender, sexuality, religion, disabilities or other characteristics.
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