SDG 7 – Affordable and clean energy

How OCBC supports SDG 7

Relevant SDG Target(s)

7.2 By 2030, increase substantially the share of renewable energy in the global energy mix.
7.3 Double the global rate of improvement in energy efficiency by 2030.

Alignment with OCBC’s Material ESG Factors
How OCBC is contributing
Energy efficiency

OCBC is progressively deploying solar panels at several of our buildings, particularly OCBC Tampines One and OCBC Tampines Two in Singapore; OCBC Tower in Shanghai; Menara OCBC in Malaysia and in five other Malaysian branches. These solar panels will collectively generate up to 380,000 kilowatt-hour energy per year to power our operations.

Solar financing

OCBC has supported multiple solar providers with solar financing loans to support solar deployment projects backed by long-term Power Purchase Agreements.

Other Focus SDGs