OCBC became a signatory to the NZBA committing to align lending and investment portfolios with net-zero emissions by 2050.

We launched the OCBC Mangrove Park project to help grow 18,000 mangrove trees that will absorb an estimated 30,000 tonnes of carbon dioxide in their lifetimes.

We achieved carbon neutrality in our operational emissions for 2022 through implementing key carbon reduction measures and supporting carbon offset projects.

We will not provide new financing or refinancing to clients where more than 50% of their total power generation capacity or revenue comes from coal-fired power plants. We will also not provide any new financing or refinancing to clients where more than 50% of their mines or revenue come from thermal coal mines.