Major Asian bank says it’s not practical in the short term to cut off clients in the coal business

DBS on Friday announced that it aims to eliminate thermal coal financing by 2039. To get there, DBS will cease taking on new clients that derive more than 25% of their revenue from thermal coal with immediate effect. And from January 2026, the bank will stop financing clients with more than 50% of their revenue from thermal coal — except for their non-thermal coal or renewable energy activities.
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