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 45 is higher than 96% 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, comprising 147,000 kg CO2e from Scope 1, 7,671,000 kg CO2e from Scope 2, and 3,849,000 kg CO2e from Scope 3 emissions. This marks a slight increase from 2022, where total emissions were about 8,051,000 kg CO2e. The bank has disclosed emissions data across all three scopes, demonstrating a commitment to transparency in its climate impact. However, there are currently no specific reduction targets or initiatives outlined in their sustainability reports. OCBC Bank's emissions intensity has been monitored, with a focus on reducing Scope 2 emissions, which accounted for the majority of their carbon footprint. OCBC Bank's climate commitments reflect an awareness of the need for sustainable practices, although further details on specific reduction initiatives or targets are not available at this time. The bank continues to engage in sustainability efforts, aligning with industry standards for climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 committed to some 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.
