Social Responsibility and Sustainability

Communities

Giving back to society is an integral part of OCBC’s corporate culture.  By engaging and supporting the communities where we operate, we help to shape a more sustainable society.

In Singapore, we had been supporting the Singapore Children’s Society (SCS) since 2004. By the end of 2016, we had donated S$6.5 million to support specific SCS programmes - supporting the musical talents of youths, Bully-Free programmes to prevent bullying in schools; student care centre programes. From 2013 to 2016, OCBC and TODAY, a local daily news house, created the OCBC-TODAY Children’s Fund to pay for counselling and therapy intervention for children from the SCS. The Fund collected S$1,300,662.39, of which OCBC matched and topped up the donation to S$2,925,662.39 for the SCS.  

On 2 March 2017, we launched an expanded Corporate Social Responsibility programme – named the #OCBCCares Programme – to provide holistic support solely to our 15 charity partners, by way of funding and volunteer support. This enables us to deepen our relationship with our partners and offer more meaningful financial support for specific programmes that have direct impact on beneficiaries.

The causes supported by these 15 charity partners range from vulnerable children, youths and families and disadvantaged elderly to people with special needs and environmental sustainability. 

Beyond financial support, OCBC staff volunteers continue to contribute their time and skills to support our charity partners.

The OCBC CDA Starter Scheme

As Banker to the community, we support growth and development in the countries that we operate in. On 15 December 2012, to encourage families to start the saving habit, we introduced the OCBC Child Development Account (CDA) Starter Scheme for families with monthly household income of not more than $4,500.  

To help families with monthly household income of $3,500 or less to start saving, we introduced the OCBC Child Development Account (CDA) Starter Scheme – which sees us, contributing S$100 for the first S$50 deposited into a qualified CDA. 

Under the Government’s Baby Bonus Scheme, the government will match dollar for dollar both OCBC’s and the parents’ contributions, resulting in a total deposit of S$300 in the account. The savings in the CDA can be used by the family for the child’s expenses incurred at Approved Institutions (“AIs”) registered with MSF under the Baby Bonus Scheme.

Up to 2,500 low-income families will benefit from this $250,000 savings initiative through this scheme.

To find out more, click on this link.

Staff volunteerism

Beyond cash contributions, our employees also offer their time and skills to enrich the lives of the children and youth in the key countries that OCBC Bank operates in.

Supporting education

We encourage and support academic excellence by awarding book prizes and bond-free scholarships to outstanding young adults from Singapore, Malaysia, Indonesia and China so that they can pursue a higher education in Singapore and Malaysia.

To date, we have awarded more than 800 bond-free undergraduate scholarships to outstanding young Singaporeans and Malaysians to enable them to read subjects of their choice at local universities.

We also offer these OCBC scholars and other undergraduates the opportunity to gain work experience in the banking environment through our Structured Internship programme.

In Malaysia, OCBC’s CSR initiatives are diversified and cover three main components - corporate, branch and division-level activities. They are all centred on and aligned to the Group’s CSR principles and are generally linked to community development, children and education. Following is a summary of some of the key activities that are currently in place.

Supporting education through scholarships

We encourage and support academic excellence by awarding book prizes and bond-free scholarships to outstanding young adults from Singapore, Malaysia, Indonesia and China so that they can pursue a higher education in Singapore and Malaysia.

We also offer these OCBC scholars and other undergraduates the opportunity to gain work experience in the banking environment through our Structured Internship programme.

Bank Negara Malaysia’s School Adoption Programme

Together with other financial institutions in Malaysia, we support Bank Negara Malaysia’s Program Sekolah Angkat (School Adoption Programme). Under this programme, which OCBC has been involved in since 2007, selected schools are placed under the charge of particular financial institutions to disseminate Buku Wang Saku (Savings Log Books) for children and to conduct educational programmes.

Division/Department Initiatives

We actively support staff-initiated efforts by the various divisions of the Bank to raise funds for charities of their choice. The spirit of volunteerism is central to these efforts, with all funds donated coming from the staff themselves.

Branch CSR

An initiative begun in 2015 has seen each of our branches allocated funds to partner with local charities to aid worthy causes and create a healthy spirit of volunteerism among branch staff. The principle behind this programme is to empower branches to reach out to their communities as they see fit.

OCBC CYCLE

We support cycling as a healthy sporting activity by sponsoring the twice-monthly OCBC KL Car Free Morning, the annual OCBC Cycle Kuala Lumpur (a follow up from our successful OCBC Cycle Malaysia previously), university cycling initiatives and cycling efforts by groups with various handicaps.

Our philanthropic heritage of supporting children and education extends to China, where we committed to donating RMB1.5 million (S$300,000) over six years to the Soong Ching Ling Foundation – starting in 2007, the year OCBC Bank was incorporated in China.

The funds help about 800 outstanding children across China who require financial assistance to pursue their studies.

 

Supporting education

We encourage and support academic excellence by awarding book prizes and bond-free scholarships to outstanding young adults from Singapore, Malaysia, Indonesia and China so that they can pursue a higher education in Singapore and Malaysia.

Staff volunteerism

In Indonesia, we work with our subsidiary, Bank OCBC NISP, to support a joint community development initiative in Bandung, in collaboration with Habitat for Humanity. The three-year initiative which began in 2009, aimed to build 20 houses and renovate a school in the village of Banjaran, Bandung.

In September 2011, more than 50 volunteers from OCBC Bank and Bank OCBC NISP returned to Bandung to continue the building project at the school, where they built four new classrooms, set up a computer laboratory and donated items such as sports equipment, backpacks, stationery and essential items to the students. All 20 houses have since been completed.

 

Supporting education

We encourage and support academic excellence by awarding book prizes and bond-free scholarships to outstanding young adults from Singapore, Malaysia, Indonesia and China so that they can pursue a higher education in Singapore and Malaysia.

As calamities hit the different geographies that we operate in, we show our support for the affected communities by helping to bring relief to the victims and their loved ones.

Our corporate and staff donations are channelled to the affected communities through recognised non-government organisations, including The Red Cross and Habitat for Humanity.

We also offer our customers the opportunity to contribute via our banking channels, namely our ATMs, mobile banking, internet banking and phone banking.