2023 Sustainability Highlights
2023 Sustainability Highlights
Anchored by our purpose, values and ambition, we made significant progress on all three of our strategic imperatives. We delivered positive impact to the environment and our communities, and continued to proactively support our clients’ journey towards a low-carbon future.
Accelerating the transition to a net-zero future
- Unveiled science-based sectoral net-zero targets for six key sectors
- Recorded $56 billion in sustainable finance commitments, ahead of 2025 target of $50 billion
- Launched the OCBC 1.5°C loan
- More than 100 new sustainable finance transactions recorded in the year, totalling $14 billion
- Achieved carbon neutrality for our banking operational emissions by actively reducing our emissions and offsetting unabatable and residual emissions with carbon credits
- Organised the OCBC Sustainability Innovation Challenge and the Emerging Enterprise Sustainability Award in Singapore
- Unveiled science-based sectoral net-zero targets for six key sectors
- Recorded $56 billion in sustainable finance commitments, ahead of 2025 target of $50 billion
- Launched the OCBC 1.5°C loan
- More than 100 new sustainable finance transactions recorded in the year, totalling $14 billion
- Achieved carbon neutrality for our banking operational emissions by actively reducing our emissions and offsetting unabatable and residual emissions with carbon credits
- Organised the OCBC Sustainability Innovation Challenge and the Emerging Enterprise Sustainability Award in Singapore
Bringing impact to communities
- Initiated Grow Your Way Expedition, a skills-first mobility initiative, resulting in 12,000 activity completions by employees and a 75% rise in career awareness within the Bank
- Embarked on two long-term volunteering projects, Families100 by OCBC and Care Corner ElderConnect supported by OCBC, involving more than 1,200 volunteers to provide targeted assistance to 100 families and 3,500 seniors respectively in Singapore
- Launched our inaugural non-conventional talent hire initiative in Singapore
- Empowered over 1,300 women entrepreneurs through our Women Warriors Programme in Indonesia
- Initiated Grow Your Way Expedition, a skills-first mobility initiative, resulting in 12,000 activity completions by employees and a 75% rise in career awareness within the Bank
- Embarked on two long-term volunteering projects, Families100 by OCBC and Care Corner ElderConnect supported by OCBC, involving more than 1,200 volunteers to provide targeted assistance to 100 families and 3,500 seniors respectively in Singapore
- Launched our inaugural non-conventional talent hire initiative in Singapore
- Empowered over 1,300 women entrepreneurs through our Women Warriors Programme in Indonesia
Conducting our business responsibly
- Established the Board Sustainability Committee to strengthen our sustainability oversight
- Appointed our first Group Chief Sustainability Officer to strengthen our sustainability leadership and governance
- Rolled out a set of first-to-market anti-malware security measures on the OCBC digital app, preventing customer losses of over $2 million in Singapore
- Achieved the Cyber Trust Mark (Advocate), a testament to OCBC’s robust cybersecurity practices in Singapore
- Established the Board Sustainability Committee to strengthen our sustainability oversight
- Appointed our first Group Chief Sustainability Officer to strengthen our sustainability leadership and governance
- Rolled out a set of first-to-market anti-malware security measures on the OCBC digital app, preventing customer losses of over $2 million in Singapore
- Achieved the Cyber Trust Mark (Advocate), a testament to OCBC’s robust cybersecurity practices in Singapore