OCBC BankSingapore
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Dodgy Deals Map
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Created before Nov 2016
Last update: 2021-11-09 00:00:00
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About OCBC Bank

OCBC Bank is Singapore'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 and offers 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 Helen Wong
Group CEO
Supervisor
Monetary Authority of Singapore (MAS)
Annual reports CSR report 2020
Annual report 2020
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.

Dodgy Deals map

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On record profiles

Policy Assessments

Banks and Human Rights

Human Rights Benchmark Asia 2022

BankLast update
Country
Score
Ranking
Details
OCBC Bank
SGP
1.5
Laggard
Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

Asian banks falling behind in implementation of UN Human Rights Principles, new BankTrack benchmark shows

New benchmark of 18 Asian banks shows human rights performance below the global average
2022-04-05 | Nijmegen | BankTrack
blog
external news
our news

Household brands and global financiers including BlackRock linked to clearance of tropical rainforest, human rights abuses in Papua New Guinea

Undercover investigation reveals tainted palm oil has been sold on to household brands including Kellogg’s, Nestlé, and The Hershey Company.
2021-10-07 | Global Witness
blog
external news
our news

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
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 | Eco Business
blog
external news
our news

Analysis: Singapore banks signal an end to new coal financing

2019-04-18 | Market Forces
blog
external news
our news

OCBC Says Coal Plants It's Financing in Vietnam Will Be Its Last

2019-04-16 | Bloomberg
blog
external news
our news

Singapore banks need to warm up to renewable energy financing

2018-10-09 | The Business Times
blog
external news
our news

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
external news
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:
annual reports

CSR report 2020

Date listed represents date as accessed on website.
2021-11-09 00:00:00 | OCBC Bank
ngo documents

Asian Banks Continue to Finance the Palm Oil Refining Sector as Leakage Declines

2021-06-28 00:00:00 | Chain Reaction Research
annual reports

Annual report 2020

2021-05-31 00:00:00 | OCBC Bank
ngo documents

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

2021-02-25 00:00:00 | 263 CSOs
csr policies

Climate change statement

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

Letter to banks and investors on Indofood labor exploitation

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

Annual report 2019

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

CSR report 2019

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

ESG Risk Assessment Process

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

Responsible financing

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

CSR report 2018

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

Annual report 2018

2019-04-16 00:00:00 | OCBC Bank
csr policies

Modern slavery act transparency statement

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

Bank Policy Matrix

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

Sustainability report 2017

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

Guidelines on responsible finance

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

Annual report 2017

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

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

Annual report 2016

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

Nordic investments in banks financing Indonesian palm oil

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

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

Protecting the Leuser Ecosystem

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

Response to press release by NGOs issued on 15 April 2015

2015-04-16 00:00:00 | GAR
ngo documents

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

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

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

Annual report 2013

2014-01-01 00:00:00 | OCBC Bank
annual reports

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

Voluntary standards

OCBC Bank has committed itself to the following voluntary standards:

Investment policies

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

Year:
csr policies

Climate change statement

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

ESG Risk Assessment Process

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

Responsible financing

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

Modern slavery act transparency statement

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

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

on record

Batang Coal Power Project Indonesia

Coal Electric Power Generation
on record

Nghi Son 2 coal power plant Vietnam

Coal Electric Power Generation
on record

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

Coal Electric Power Generation
on record

Van Phong I Vietnam

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.