Ocbc Bank
OCBC Bank, officially known as Oversea-Chinese Banking Corporation, is a leading financial institution headquartered in Singapore (SG). Established in 1932, OCBC Bank has grown to become one of the largest banks in Southeast Asia, with a strong presence in key markets including Malaysia, Indonesia, and Greater China. The bank operates primarily in the banking and financial services industry, offering a comprehensive range of products and services such as personal banking, corporate banking, wealth management, and insurance. OCBC Bank is renowned for its innovative digital banking solutions and customer-centric approach, setting it apart in a competitive landscape. With a commitment to sustainability and community engagement, OCBC Bank has received numerous accolades, solidifying its position as a trusted financial partner in the region.
DitchCarbon Score
How does Ocbc Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ocbc Bank's score of 41 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Ocbc Bank's reported carbon emissions
In 2023, OCBC Bank reported total carbon emissions of approximately 8,246,000 kg CO2e. This figure includes 147,000 kg CO2e from Scope 1 emissions, 7,671,000 kg CO2e from Scope 2 emissions, and 3,849,000 kg CO2e from Scope 3 emissions. The bank's emissions have shown fluctuations over the years, with a notable decrease from 2022, when total emissions were about 8,051,000 kg CO2e. OCBC Bank has made commitments to address climate change, although specific reduction targets have not been disclosed. The bank's emissions intensity has been reported, with Scope 2 emissions intensity at approximately 11.1 kg CO2e per square foot in 2019, and a significant reduction in Scope 2 emissions from 66,470,000 kg CO2e in 2020 to 71,361,000 kg CO2e in 2019. The bank's climate strategy aligns with industry standards, focusing on transparency and accountability in emissions reporting. OCBC Bank continues to engage in sustainability initiatives, although further details on specific reduction initiatives or targets remain unspecified.
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Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000 | 000,000 | 000,000 |
| Scope 2 | 71,361,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ocbc Bank is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
