Our sustainability governance structure
The Sustainability Working Group (SWG) supports the Bank’s Sustainability Report development. As the Sustainability Champions of OCBC – driving, developing and supporting the implementation of sustainability initiatives within the Bank – the SWG also proposes Key Performance Indicators and Targets for the ESG factors to be approved by the Sustainability Council annually.
Its members include representatives from across all our main business units which include:
Consumer Financial Services
This division spans a wide range of businesses, including wealth management, lifestyle financing, branch & premier banking, consumer secured lending, online banking, business transformation and marketing.
Global Wholesale Banking
This includes Global Commercial Banking and Global Corporate Banking.
Global Commercial Banking serves the entire spectrum of customer segments of business banking. The business groups under the division include Enterprise Banking, Transaction Banking and Financial Institutions.
Global Corporate Banking seeks to partner and enable our large corporate customers to achieve their business goals across various industries in Singapore and internationally.
Group Brand and Communications
This division is involved in executing brand and communications initiatives with the media, employees, customers, shareholders and the general public across its core markets.
Group Human Resources
This division provides thought leadership and advice on people issues in the organisation across the end-to-end employment lifecycle.
Group Legal and Regulatory Compliance
This division supports the Bank in all legal, regulatory and compliance matters. This includes developing policies and procedures to manage and mitigate risks.
Group Operations and Technology
This division focusses on building solutions and reimagining banking for our customers by creating a technology-led internal culture.
Group Property Management
This division manages the Group’s properties.
Group Risk Management
This division is an independent function responsible for ensuring that risk management practices at OCBC Bank are effective and comprehensive.
Investor Relations
This team is responsible for a range of activities through which OCBC Group interacts with the investment community globally.
The Climate Strategy Committee drives our 5-year Climate Strategy which encompasses five workstreams, namely, Business, Innovation and Technology, People, Operations, and Policies and Systems. They implement initiatives guided by three priorities of moving towards net zero emissions in alignment with the Paris Agreement goals, expanding sustainable financing and product portfolios, and growing a bank-wide ecosystem of sustainable solutions and partnerships.
The Business workstream will seize growth opportunities in sustainability across product lines and pave the way towards net zero financed emissions.
The Innovation and Technology workstream will lead and sponsor innovative solutions in the region for sustainable innovation.
The People workstream will foster sustainability culture and grow talent pipeline.
The Operations workstream will reduce operational emissions and environmental impact.
The Policies and Systems workstream will reinforce credit and investing policies to mitigate climate risks and enable net zero transition; promote sustainable procurement and business expense decisions; and boost OCBC's climate profile regionally and globally and spur internal transformation.