A new funding platform for sustainability projects in Asia was launched by ING Bank in Singapore. The initiative, the Sustainable Finance Collective (SFC), will offer funding to projects that meet the criteria and approval of its two governing bodies: the Funding Panel and the Expert Panel.
The panels are made up of experts in the financial fields, including Credit Suisse, FMO, ING Bank, and the UNDP-UN Social Impact Fund.
The projects will focus on circular economy, sustainable energy, or social impact.
“We want to encourage businesses to become more sustainable and we hope to see applications for game-changing sustainability projects that will have a positive impact in Asia,” said Gerrit Stoelinga, CEO for ING Wholesale Banking Asia.
Read more at Eco-Business.