A regional leader in sustainable and responsible banking
As part of our sustainability strategy, we have unveiled a 5-year Climate Strategy to support our actions in one of our pillars - Building a Sustainable Future. Our climate strategy 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. As a financial institution, we play a key pivotal role to help finance this transition.
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.
Priority 1
Moving towards net zero emissions in alignment with Paris Agreement goals.
Priority 2
Expanding sustainable financing and our sustainability-themed product portfolio.
Priority 3
Growing a bank-wide ecosystem of sustainable solutions and partnerships.
Business
We are constantly seizing growth opportunities in sustainability across product lines and pave the way towards net zero financed emissions.
We are constantly seizing growth opportunities in sustainability across product lines and pave the way towards net zero financed emissions.
Innovation and technology
We are leading and sponsoring innovative solutions in the regions for sustainable innovations.
We are leading and sponsoring innovative solutions in the regions for sustainable innovations.
People
We aim to foster a sustainability culture and grow the talent pipeline.
We aim to foster a sustainability culture and grow the talent pipeline.
Operations
We are working to reduce operational emissions and environmental impact
We are working to reduce operational emissions and environmental impact
Policies and systems
We are reinforcing credit and investing policies to mitigate climate risks and enable net zero transition, as well as promoting sustainable procurement and business expense decisions to boost OCBC’s climate profile regionally and globally.
We are reinforcing credit and investing policies to mitigate climate risks and enable net zero transition, as well as promoting sustainable procurement and business expense decisions to boost OCBC’s climate profile regionally and globally.
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Business partners
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Community partners
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Innovation partners
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Knowledge partners