Oversea-Chinese Banking Corp Ltd 2021 AR2
The report highlights OCBC's solid financial performance in 2021, with net profit increasing by 35% to S$4.86 billion. Strategically, the company refreshed its corporate strategy to 'Excel for Sustainable Growth' and established a new five-year Climate Strategy to accelerate its transition to a low-carbon economy. OCBC surpassed its S$25 billion sustainable finance target ahead of schedule, achieving over S$34 billion in commitments and setting a new target of S$50 billion by 2025. Additionally, the bank committed to achieving carbon neutrality in its banking operational emissions in 2022 and became the first bank in Southeast Asia to adopt the Poseidon Principles.
Company: Oversea-Chinese Banking Corp Ltd
Sector: Finance & insurance
Country: Singapore
Year: 2021
Type: AR2
Pages: 271
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Oversea-Chinese Banking Corp Ltd
Annual Report
The report highlights OCBC's solid financial performance in 2021, with net profit increasing by 35% to S$4.86 billion. Strategically, the company refreshed its corporate strategy to 'Excel for Sustainable Growth' and established a new five-year Climate Strategy to accelerate its transition to a low-carbon economy. OCBC surpassed its S$25 billion sustainable finance target ahead of schedule, achieving over S$34 billion in commitments and setting a new target of S$50 billion by 2025. Additionally, the bank committed to achieving carbon neutrality in its banking operational emissions in 2022 and became the first bank in Southeast Asia to adopt the Poseidon Principles.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees