Oversea-Chinese Banking Corp Ltd 2023 SR
The report details OCBC's progress in 2023 towards its net-zero commitment by 2050, including setting science-based targets for six high-emission sectors. The company surpassed its $50 billion sustainable finance target two years early, reaching $56 billion in commitments. Key initiatives included launching the OCBC 1.5°C loan and achieving carbon neutrality for banking operations. Socially, the bank introduced the 'Grow Your Way' skills-first mobility initiative and expanded community support through projects like Families100. Governance was strengthened by establishing a Board Sustainability Committee and appointing the first Group Chief Sustainability Officer.
Company: Oversea-Chinese Banking Corp Ltd
Sector: Financials
Country: Singapore
Year: 2023
Type: SR
Pages: 99
Oversea-Chinese Banking Corp Ltd
Sustainability Report
The report details OCBC's progress in 2023 towards its net-zero commitment by 2050, including setting science-based targets for six high-emission sectors. The company surpassed its $50 billion sustainable finance target two years early, reaching $56 billion in commitments. Key initiatives included launching the OCBC 1.5°C loan and achieving carbon neutrality for banking operations. Socially, the bank introduced the 'Grow Your Way' skills-first mobility initiative and expanded community support through projects like Families100. Governance was strengthened by establishing a Board Sustainability Committee and appointing the first Group Chief Sustainability Officer.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Apr 5, 2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees