A report has highlighted OCBC, one of Singapore's top lenders, for its financial support of Indonesia's Harita Group, which operates coal-powered nickel smelters. This financing has sparked criticism as the bank, along with others, faces scrutiny over its ties to an environmentally damaging venture. The bank's Chief Sustainability Officer defended the position, stating that expecting nickel production to be fully renewables-powered is impractical. Despite this stance, the bank has announced plans to strengthen its assessment of nature-related risks. This development reflects growing pressure on financial institutions to consider the environmental impact of their investments and the repercussions of supporting operations with significant environmental consequences.