HomeOur Approach

Our Approach

As one of Asia’s leading banks, UOB has a duty to contribute to the region’s long-term economic, social and environmental well-being.

Strategy

Strategy

Our sustainability strategy is embedded in our business and aligns with the UN SDGs.

Materiality

Materiality

We identify and review regularly material ESG factors which matter most to our business.

Stakeholder engagement

Stakeholder engagement

We engage our stakeholders through dialogue and collaboration.

Governance

Governance

Our sustainability governance framework guides our approach to conducting business.

 

UOB is committed to upholding the highest ethical standards, including through regulatory compliance and respect of human rights.

 

Regulatory compliance

AML, CFT and sanctions

AML, CFT and sanctions

We have robust protocols and processes for anti-money laundering (AML), countering the financing of terrorism (CFT), and sanctions.

Anti-fraud

Anti-fraud

We proactively manage fraud risks across our branches, internet banking and mobile banking channels through our governance framework.

Anti-bribery and anti-corruption

Anti-bribery and anti-corruption

We adopt a strong stance against bribery and corruption, with our Code of Conduct specifying zero tolerance to bribery and corruption in all forms.

Tax management

Tax management

We are committed to strong corporate governance values and practices and have a low tolerance approach towards tax risk.

Human rights

UOB Code of Conduct

UOB Code of Conduct

Our UOB Code of Conduct lays down the principles of personal and professional behaviour, including respect of human rights, expected of all UOB employees.

Modern Slavery Statement

Modern Slavery Statement

UOB’s Modern Slavery Statement reiterates our actions to mitigate risks of slavery and human trafficking within our business and supply chain.

UOB Sustainability Report 2023

 

Read more about our approach and performance in the UOB Sustainability Report 2023.