Oversea-Chinese Banking Corp Ltd 2022 AR2
The report highlights OCBC's record financial performance in 2022, achieving a record net profit of $5.75 billion. The company made significant progress on its sustainability agenda, securing over $10 billion in new sustainable finance commitments to bring its total to $44 billion, on track to exceed its $50 billion target by 2025. OCBC achieved carbon neutrality for its banking operational emissions and became a signatory to the Net-Zero Banking Alliance, committing to net-zero lending and investments by 2050. Additionally, the bank launched major community initiatives, including gifting 18,000 mangrove trees to projects in Singapore and Malaysia to support carbon storage and biodiversity.
Company: Oversea-Chinese Banking Corp Ltd
Sector: Finance & insurance
Country: Singapore
Year: 2022
Type: AR2
Pages: 270
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Oversea-Chinese Banking Corp Ltd
Annual Report
The report highlights OCBC's record financial performance in 2022, achieving a record net profit of $5.75 billion. The company made significant progress on its sustainability agenda, securing over $10 billion in new sustainable finance commitments to bring its total to $44 billion, on track to exceed its $50 billion target by 2025. OCBC achieved carbon neutrality for its banking operational emissions and became a signatory to the Net-Zero Banking Alliance, committing to net-zero lending and investments by 2050. Additionally, the bank launched major community initiatives, including gifting 18,000 mangrove trees to projects in Singapore and Malaysia to support carbon storage and biodiversity.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
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
Net Zero Target
Employees