A regional leader in sustainable and responsible banking
As a financial institution, OCBC plays a key role by helping to finance the transition to a low-carbon economy. In recognition of the decarbonisation imperative, we unveiled a 5-year Climate Strategy in 2021 outlining how we will become a regional leader in sustainable and responsible banking for a low-carbon economy by 2026.
As part of our Sustainability Strategy, our Climate Strategy supports our actions in one of our pillars – Build a Low-Carbon Future. It comes at a time where it is crucial for institutions, businesses and people to work in partnership to transition to a low-carbon economy to preserve a liveable planet for current and future generations.
There are three priorities in our climate strategy. To deliver on our priority areas, we will implement initiatives and drive change across all our operations in partnership with our stakeholders. These include our supply chain, customers, government and communities in our core markets. For example, OCBC is an inaugural member of the Singapore Low Carbon Network (SLCN). Aligned with the Singapore Green Plan, the SLCN supports organisations and the community in their journey towards decarbonisation by building capability and sharing knowledge to achieve a low-carbon Singapore.