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OCBC BankSingapore
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Created before Nov 2016
Last update: 2020-12-10 14:29:20

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OCBC Bank head office in Singapore. Photo: Sengkang via Wikimedia (CC BY-SA 3.0)

About OCBC Bank

OCBC Bank Singapore is the country's oldest bank. It was formed through the merger of three local banks in 1932. It is currently Singapore's second largest banking group by assets. The bank operates in 15 countries in a variety of financial services that include retail banking, private banking, insurance, asset management, international trade financing and stockbroking.

Website http://www.ocbc.com/
Headquarters
65 Chulia Street, OCBC Centre
049513
Singapore
CEO/chair Samuel N. Tsien
Group Chief Executive Officer
Supervisor
Monetary Authority of Singapore (MAS)
Annual reports Annual report 2019
CSR report 2019
Ownership
listed on Singapore Stock Exchange (SGX)

OCBC Bank's shareholder structure can be accessed here.

Complaints and grievances

OCBC Bank operates a Feedback, Complaints & Enquiries channel, which can be accessed here.

Related Dodgy Deals

OCBC Bank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

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Policy Assessments

Banks, climate and energy

Bank policy scores on fossil fuel financing

BankLast update
Country
Score
Ranking
Details
OCBC
2020-03-01
SGP
8
Laggard

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0
Singapore
Profile
Score
8
1583017200
Last update: 2020-03-01
Explanation

Total: 8 points out of 200

0 points out of 120 for oil and gas policy.

8 points out of 80 for coal policy.

See: Policy scores Excel sheet

Explanation

A bank can obtain a total of 200 policy points for its fossil fuel policies; 120 possible points for oil and gas policies and 80 possible points for coal policies. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 50 points
50.5 - 100 points
100.5 - 150 points
150.5 - 200 points
For more details see this page.

Bank policy scores on fossil fuel expansion

BankLast update
Country
Score
Ranking
Details
OCBC
2020-03-01
SGP
8
Laggard

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0
Singapore
Profile
Score
8
1583017200
Last update: 2020-03-01
Explanation

Total: 8 points out of 82

2 points for a weak exclusion of coal mining projects: OCBC prohibits "new financing of Lignite Coal Mines" only.

6 points for a strong exclusion of coal power projects: OCBC prohibits new financing for all coal plants.

See: Policy scores Excel sheet

Relevant policies
csr policies
2019-12-18 00:00:00

Responsible financing

Date listed represents date as accessed on website
2019-12-18 00:00:00
Explanation

The scores for a bank's policies restricting expansion of fossil fuels - in each area, prohibitions against financing projects and/or companies expanding that area - are aggregated into a fossil fuel expansion policy score.

The point-based policy ranking for fossil fuel expansion consists of the following distribution:

  • Coal mining: 14 points​
  • Coal power: 14 points
  • Other coal: 7 points
  • Tar sands: 7 points
  • Arctic oil and gas: 7 points
  • Offshore oil and gas: 7 points
  • Fracked oil and gas: 7 points
  • LNG: 7 points
  • Other oil and gas: 12 points

A bank can obtain a total of 82 policy points for its fossil fuel expansion policy. Based on this score, banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 20.5 points
21 - 41 points
41.5 - 61.5 points
62 - 82 points
For more details see this page.

Bank policy scores on oil and gas financing

BankLast update
Country
Score
Ranking
Details
OCBC
2020-03-01
SGP
0
Laggard

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0
Singapore
Profile
Score
0
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 120

See: Policy scores Excel sheet

Explanation

For tar sands, Arctic oil and gas, fracked oil and gas, offshore oil and gas and LNG, 18 possible policy points can be obtained. For other/conventional oil and gas, 30 policy points can be obtained. In total, a bank can score a total of 120 policy points for its oil and gas policies. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 30 points
30.5 - 60 points
60.5 - 90 points
90.5 - 120 points
For more details see this page.

Bank policy scores on tar sands

BankLast update
Country
Score
Ranking
Details
OCBC
2020-03-01
SGP
0
Laggard

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0
Singapore
Profile
Score
0
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Explanation

The point-based policy ranking above assesses bank policies in four ways:

1) Restriction on direct financing for tar sands projects.

  • None (0), weak exclusion (1), moderate exclusion (2), strong exclusion (3)

2) Restriction on financing for companies that expand tar sands.

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for tar sands.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in tar sands above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), moderate exclusion threshold (4), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 18 policy points for its tar sands policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 4.5 points
5 - 9 points
9.5 - 13.5 points
14 - 18 points
For more details see this page.

Bank policy scores on Arctic oil and gas

BankLast update
Country
Score
Ranking
Details
OCBC
2020-03-01
SGP
0
Laggard

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0
Singapore
Profile
Score
0
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for Arctic oil and gas projects.

  • None (0), weak exclusion (1), moderate exclusion (2), strong exclusion (3)

2) Restriction on financing for companies that expand Arctic oil and gas. 

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for Arctic oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in Arctic oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), moderate exclusion threshold (4), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 18 policy points for its Arctic oil and gas policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 4.5 points
5 - 9 points
9.5 - 13.5 points
14 - 18 points
For more details see this page.

Bank policy scores on offshore oil and gas

BankLast update
Country
Score
Ranking
Details
OCBC
2020-03-01
SGP
0
Laggard

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0
Singapore
Profile
Score
0
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for offshore oil and gas projects.

  • None (0), weak exclusion (1), strong exclusion (3)

2) Restriction on financing for companies that expand offshore oil and gas.

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for offshore oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in offshore oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 18 policy points for its offshore oil and gas policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 4.5 points
5 - 9 points
9.5 - 13.5 points
14 - 18 points
For more details see this page.

Bank policy scores on fracked oil and gas

BankLast update
Country
Score
Ranking
Details
OCBC
2020-03-01
SGP
0
Laggard

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0
Singapore
Profile
Score
0
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 18

See: Policy scores Excel sheet

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for fracked oil and gas projects.

  • None (0), weak exclusion (1), moderate exclusion (2), strong exclusion (3)

2) Restriction on financing for companies that expand oil and gas fracking.

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for oil and gas fracking.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in oil and gas fracking above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), moderate exclusion threshold (4), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 18 policy points for its fracking policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 4.5 points
5 - 9 points
9.5 - 13.5 points
14 - 18 points
For more details see this page.

Bank policy scores on other/conventional oil and gas

BankLast update
Country
Score
Ranking
Details
OCBC
2020-03-01
SGP
0
Laggard

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0
Singapore
Profile
Score
0
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 30

See: Policy scores Excel sheet

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for other/conventional oil and gas projects.

  • None (0), weak exclusion (1.5), strong exclusion (5)

2) Restriction on financing for companies that expand other/conventional oil and gas. 

  • None (0), weak exclusion (3), strong exclusion (7)

3) The bank’s commitment to phase-out financing for other/conventional oil and gas.

  • None (0), financing reduction (1.5), weak phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in other/conventional oil and gas above a certain threshold.

  • None (0), enhanced due diligence/Equator Principles commitment (0.5), weak exclusion threshold (3), strong exclusion threshold (7), full exclusion (10)

A bank can obtain a total of 30 policy points for its other/conventional oil and gas policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 7.5 points
8 - 15 points
15.5 - 22.5 points
23 - 30 points
For more details see this page.

Bank policy scores on coal financing

BankLast update
Country
Score
Ranking
Details
OCBC
2020-03-01
SGP
8
Laggard

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0
Singapore
Profile
Score
8
1583017200
Last update: 2020-03-01
Explanation

Total: 8 points out of 80

2 points out of 32 for coal mining policy: see here.

6 points out of 32 for coal power policy: see here.

See: Policy scores Excel sheet

Explanation

For both coal mining and coal power, 32 possible policy points can be obtained, while for other coal,16 possible policy points can be obtained. So a bank can obtain a total of 80 policy points for its coal policies. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 20 points
20.5 - 40 points
40.5 - 60 points
60.5 - 80 points
For more details see this page.

Bank policy scores on coal mining

BankLast update
Country
Score
Ranking
Details
OCBC
2020-03-01
SGP
2
Laggard

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0
Singapore
Profile
Score
2
1583017200
Last update: 2020-03-01
Explanation

Total: 2 points out of 32

2 points for a weak exclusion of coal mining projects: OCBC prohibits "new financing of Lignite Coal Mines" only.

See: Policy scores Excel sheet

Relevant policies
csr policies
2019-12-18 00:00:00

Responsible financing

Date listed represents date as accessed on website
2019-12-18 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal mining projects.

  • None (0), mountaintop removal mining exclusion (0.5), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal mining.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal mining.

  • None (0), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal mining above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal mining policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 8 points
8.5 - 16 points
16.5 - 24 points
24.5 - 32 points
For more details see this page.

Bank policy scores on coal power

BankLast update
Country
Score
Ranking
Details
OCBC
2020-03-01
SGP
6
Laggard

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0
Singapore
Profile
Score
6
1583017200
Last update: 2020-03-01
Explanation

Total: 6 points out of 32

6 points for a strong exclusion of coal power projects: OCBC prohibits new financing for all coal plants.

See: Policy scores Excel sheet

Relevant policies
csr policies
2019-12-18 00:00:00

Responsible financing

Date listed represents date as accessed on website
2019-12-18 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal power projects.

  • None (0), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal power.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal power.

  • None (0), proportional reduction (1), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal power above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal power policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 8 points
8.5 - 16 points
16.5 - 24 points
24.5 - 32 points
For more details see this page.

Bank policy scores on coal infrastructure

BankLast update
Country
Score
Ranking
Details
OCBC
2020-03-01
SGP
0
Laggard

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0
Singapore
Profile
Score
0
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 16

See: Policy scores Excel sheet

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal infrastructure projects.

  • None (0), weak exclusion (1), strong exclusion (3)

2) Restriction on financing for companies that expand coal infrastructure.

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for coal infrastructure.

  • None (0), exposure reduction (1), weak phase-out (2), strong phase-out (4)

4) The bank’s commitment to exclude companies active in coal infrastructure above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (4), full exclusion (5)

A bank can obtain a total of 16 policy points for its coal infrastructure policy. Based on this score banks are then classified as laggards (0-4 points), followers (4.5-8 points), front runners (8.5-12 points) or leaders (12.5-16 points)

Laggard
Follower
Front runner
Leader
0 - 4 points
4.5 - 8 points
8.5 - 12 points
12.5 - 16 points
For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

Over 260 organisations call on banks not to finance Total’s East African Crude Oil Pipeline

With a final investment decision nearing, African and International organisations warn banks against joining $2.5 billion loan for a “manifestly irresponsible” project • New stopeacop.net campaign website launched.
2021-03-01 | International | BankTrack, 350.org Africa, AFIEGO, Inclusive Development International, IUCN NL
blog
external news
our news

OCBC is now coal-free: Singapore bank drops out of final coal project

2019-11-01
blog
external news
our news

Analysis: Singapore banks signal an end to new coal financing

2019-04-18 | Market Forces
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OCBC Says Coal Plants It's Financing in Vietnam Will Be Its Last

2019-04-16 | Bloomberg
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Singapore banks need to warm up to renewable energy financing

2018-10-09 | The Business Times
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Liberian communities harassed after calling on banks to halt $1.5 billion loan to Wilmar over landgrabbing concerns

2018-07-26 | Inclusive Development International
blog
external news
our news

Local NGOs push Singapore banks on coal: Stop using our money to fuel climate change

2018-07-12 | Eco-Business
blog
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our news

Global coalition petitions to end fossil power in Vietnam as deadly future looms

2018-02-09 | VnExpress
blog
external news
our news

Open letter calling on DBS, OCBC and UOB to take action on climate change

2018-02-07
blog
external news
our news

Singapore banks DBS, OCBC and UOB funding coal projects despite climate risks: Study

2018-01-20 | The Strait Times
blog
external news
our news

Singaporean banks blowing smoke on climate

2018-01-10 | Melbourne | Market Forces
blog
external news
our news

Singapore has declared 2018 the year of climate action—so why are its banks still funding coal?

2018-01-10 | Eco-business
blog
external news
our news

New report: Towards responsible and inclusive financing of the palm oil sector

2017-11-15 | Center for International Forestry Research (CIFOR), Profundo
blog
external news
our news

New report linking Nordic banks and government pension funds to Indonesia’s palm oil deforestation

Nordic investments to Asian banks support rapacious palm oil producers with financing that impedes push for sustainability
2017-05-30 | Oslo, Norway | Fair Finance Guide Norway, Fair Finance Guide Sweden, Rainforest Foundation Norway
blog
external news
our news

Japanese and Singaporean banks step in to finance Indonesian coal plant in face of opposition from communities and environmentalists

After French banks ditch project, BankTrack, Friends of the Earth Japan and 350.org Japan strongly criticise all banks involved
2017-02-28 | Tokyo, Japan and Nijmegen, Netherlands | BankTrack, Friends of the Earth Japan
blog
external news
our news

BankTrack condemns Japanese and Singapore bank financing of Batang coal project in Indonesia as reckless to people and climate

2016-06-06 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Banks and pension funds continue to bankroll deforestation and land grabs

2015-04-30 | The Guardian
blog
external news
our news

Banks warned over ESG risks of palm oil investments

2015-04-24 | Ethical Performance
blog
external news
our news

Briefing to banks and potential investors on the ongoing risks and outstanding social conflicts in the palm oil agribusiness sector: Golden Agri-Resources (GAR) bond offering

Joint NGO statement
2015-04-15 | Nijmegen
blog
external news
our news

Banks behind Indonesian palm oil tycoons revealed

HSBC and OCBC lead in bankrolling sector linked to large scale deforestation and tax avoidance
2015-03-10 | Jakarta | TuK Indonesia

Documents

Type:
Year:
our publications
2021-02-25 00:00:00

Open Letter from over 260 civil society organisations to banks on EACOP

2021-02-25 00:00:00 | 263 CSOs
csr policies
2020-12-10 00:00:00

Climate change statement

Date listed represents date as accessed on website
2020-12-10 00:00:00 | OCBC Bank
ngo documents
2020-11-19 00:00:00

Letter to banks and investors on Indofood labor exploitation

2020-11-19 00:00:00 | Rainforest Action Network
annual reports
2020-07-01 00:00:00

Annual report 2019

2020-07-01 00:00:00 | OCBC Bank
annual reports
2020-07-01 00:00:00

CSR report 2019

2020-07-01 00:00:00 | OCBC Bank
csr policies
2020-04-15 00:00:00

ESG Risk Assessment Process

2020-04-15 00:00:00 | OCBC Bank
csr policies
2019-12-18 00:00:00

Responsible financing

Date listed represents date as accessed on website
2019-12-18 00:00:00 | OCBC Bank
annual reports
2019-06-24 00:00:00

CSR report 2018

2019-06-24 00:00:00 | OCBC Bank
annual reports
2019-04-16 00:00:00

Annual report 2018

2019-04-16 00:00:00 | OCBC Bank
csr policies
2018-12-31 00:00:00

Modern slavery act transparency statement

2018-12-31 00:00:00 | OCBC Bank
ngo documents
2018-12-10 00:00:00

Bank Policy Matrix

2018-12-10 00:00:00 | Forests & Finance Coalition
annual reports
2018-06-30 00:00:00

Sustainability report 2017

2018-06-30 00:00:00 | OCBC Bank
csr policies
2018-06-01 00:00:00

Guidelines on responsible finance

2018-06-01 00:00:00 | Association of Banks in Singapore
annual reports
2018-03-31 00:00:00

Annual report 2017

2018-03-31 00:00:00 | OCBC Bank
correspondence
2018-02-07 00:00:00

Letter from various civil society organisations to DBS, OCBC and UOB on climate change action

Open letter calling on DBS, OCBC and UOB to take action on climate change
2018-02-07 00:00:00 | various civil society organisations
annual reports
2017-07-31 00:00:00

Annual report 2016

2017-07-31 00:00:00 | OCBC Bank
ngo documents
2017-05-30 00:00:00

Nordic investments in banks financing Indonesian palm oil

2017-05-30 00:00:00 | Rainforest Foundation Norway, FFG Sweden and FFG Norway
ngo documents
2017-01-31 00:00:00

Sime Darby urged to resolve long-standing land rights conflict before stock exchange listing of its plantation division

2017-01-31 00:00:00 | RAN, TuK & Profundo
ngo documents
2016-11-07 00:00:00

Protecting the Leuser Ecosystem

A Shared Responsibility
2016-11-07 00:00:00 | Rainforest Action Network
company documents
2015-04-16 00:00:00

Response to press release by NGOs issued on 15 April 2015

2015-04-16 00:00:00 | GAR
our publications
2015-04-15 00:00:00

Golden Agri-Resources (GAR) bond offering

Briefing to banks and potential investors on the ongoing risks and outstanding social conflicts in the palm oil agribusiness sector
2015-04-15 00:00:00 | Joint NGO statement
ngo documents
2015-02-16 00:00:00

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

2015-02-16 00:00:00 | TuK, Profundo
annual reports
2014-01-01 00:00:00

Annual report 2013

2014-01-01 00:00:00 | OCBC Bank
annual reports
2012-12-31 00:00:00

Annual report 2012

2012-12-31 00:00:00 | OCBC Bank

Links

Social responsibility and sustainability page

https://www.ocbc.com/group/who-we-are/sustainability-approach.html

Policies

Exclusions

Coal Electric Power Generation

Source

Coal Mining

Source

Voluntary initiatives

OCBC Bank has committed itself to the following voluntary standards:
  • ABS Guidelines on Responsible Financing
  • Convention on International Trade in Endangered Species of Wild Fauna and Flora
  • Equator Principles
  • Global Reporting Initiative
  • Ramsar Convention
  • UNESCO World Heritage Convention
  • United for Wildlife Financial Taskforce
  • United Nations Global Compact

Investment policies

OCBC Bank's web page on sustainability can be accessed here.

Year:
csr policies
2020-12-10 00:00:00

Climate change statement

Date listed represents date as accessed on website
2020-12-10 00:00:00 | OCBC Bank
csr policies
2020-04-15 00:00:00

ESG Risk Assessment Process

2020-04-15 00:00:00 | OCBC Bank
csr policies
2019-12-18 00:00:00

Responsible financing

Date listed represents date as accessed on website
2019-12-18 00:00:00 | OCBC Bank
csr policies
2018-12-31 00:00:00

Modern slavery act transparency statement

2018-12-31 00:00:00 | OCBC Bank
csr policies
2018-06-01 00:00:00

Guidelines on responsible finance

2018-06-01 00:00:00 | Association of Banks in Singapore

Equator Principles

Implementation and reporting

Contact and complaints

Equator Principles Dodgy Deals

Projects

active

Nghi Son 2 coal power plant Vietnam

Coal Electric Power Generation
active

Tanjung Jati-B 2 (TJB2) coal power plant Indonesia

Coal Electric Power Generation
active

Van Phong I Vietnam

Coal Electric Power Generation
on record

Batang Coal Power Project Indonesia

Coal Electric Power Generation

Good moves

Year:

2019

OCBC is now coal-free: Singapore bank drops out of final coal project

In November 2019, Eco-Business reported that OCBC has moved away from financing the Vung Ang II coal power plant. Read the article here.
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