Eco-Business understands that the coal policy has not yet been amended, though an OCBC spokesperson reiterated that the bank is "presently working on revising [its] coal financing policy to align with the taxonomy's criteria." Last month, DBS revealed that it has adjusted its coal policy to accommodate the financing of managed coal phase-out projects at a media briefing for its annual sustainability report. The lender also shared that it is already working on an early retirement deal. In response to Eco-Business queries on the time-frame for completely exiting coal, the OCBC spokesperson responded that its "prior committed exposure to coal-fired power plants and thermal coal mines will be phased out by 2040." Both of its Singapore-based peers, DBS and UOB, have committed to do the same by 2039. OCBC's existing coal financing commitments include the 1.2 gigawatt Nghi Son 2 plant in Vietnam, which began construction in 2018 and is expected to continue operating until 2043.