OCBC’s Post

I have always viewed protecting the environment as non-negotiable. When I joined OCBC, my colleagues did not need convincing. Sustainability has long been at the heart of OCBC’s business, anchored on our purpose and values. Recently, we took a big step forward to publish ambitious, quantitative and science-based Net Zero targets and pathways for emissions arising from six of the most emissions-intensive sectors in our commercial and corporate lending portfolio - Power, Oil and Gas, Real Estate, Steel, Aviation and Shipping. These targets are set out in our report, Partnering Clients towards a Net Zero ASEAN and Greater China, and are a culmination of months of hard work by many colleagues bank-wide and across our core markets of ASEAN and Greater China. Charting the path to Net Zero by 2050 and ensuring that the transition is done in an orderly and just manner, will be a meaningful – albeit challenging – quest. But I firmly maintain that a more sustainable world can be created so long as we are united with our clients and the wider community.  https://lnkd.in/eF4EdJrD

OCBC Hong Kong recently extended the first green loan to an SME under the OCBC SME Sustainable Finance Framework. The Framework aims to reduce some of the costs and complexities for SMEs and increase their access to sustainable finance solutions. We are unique in the way we support SMEs in sustainable finance. Our structured framework is aligned with the internationally recognised Green Loan Principles and has been verified by Moody’s ESG Solutions. We have been an early mover in sustainable finance since 2018 and are on track to cross the SGD 50 billion (c. HKD 300 billion) mark in sustainable finance commitment. Thomas Low, Head of Emerging Business, OCBC Hong Kong, said “OCBC recognises that SMEs require guidance and financial support to play their part; OCBC Hong Kong is determined to drive sustainable finance towards greater financial inclusion, helping SMEs accelerate their sustainability plans.” This green instalment loan to Union Packaging and Technology will go towards the manufacturing of certified biodegradable packaging. To learn more about this, check out our press release at https://lnkd.in/gXVFbJUG #OCBCHK #華僑銀行香港 #SustainableFinance #ESG #NetZero #WholesaleBankingHongKong #SMEsustainability

Brand Finance's study delved into the financial value of sustainability perceptions of the world’s biggest brands. -with DBS Bank OCBC Bank UOB Robert Haigh https://lnkd.in/gdv2ekgX #fintech #greenfinance #greenfintech #financial #sustainability

Where purpose meets progress 🌍 Maybank, in collaboration with the Institute of International Finance, is hosting a workshop featuring important insights in the area of Transition Finance. We will be exploring the importance of driving positive environmental and social change while ensuring the viability of businesses in our evolving landscape. Let's navigate the path toward a more resilient and responsible future together. #TransitionFinance #ASEANSpeaks

We are honoured to be named World’s Best Bank for Corporate Responsibility in the prestigious Euromoney Awards for Excellence 2023. “With the world facing burgeoning climate and biodiversity change and increasing social inequity challenges, the public, private and finance sectors have to step up efforts to address these issues. DBS is no exception. From our inception as the Development Bank of Singapore, DBS has always been guided by a strong sense of purpose and doing what is right by society. Being recognised as World’s Best Bank for Corporate Responsibility testifies to the strides we have made and is great encouragement as we continue to do what we can to build a better world.” - Piyush Gupta, CEO of DBS Group “DBS is this year’s World's Best Bank for Corporate Responsibility, making it the first in Singapore to receive this award since the category’s inception in 2014. Being a responsible corporate citizen is a core tenet of who DBS is, with the group having embedded corporate responsibility principles in its group-level sustainability strategy. In 2022, the bank continued to step up on efforts to give back to the community, with initiatives aimed at equipping the underserved with digital and financial literacy skills, and ensuring food security and resilience.” - Louise Bowman, Editor of Euromoney In the same awards, DBS was also recognised as Asia's Best Bank for Wealth Management for a second consecutive year. #sustainability #banking