OCBC leads regional sustainable finance rankings in 2024

As of September 2024, the bank’s sustainable finance loan commitments reached $64.7b.

OCBC is the top Mandated Lead Arranger in the London Stock Exchange Group’s ESG Loans league tables for Southeast Asia in 2024

The bank was also the top Mandated Lead Arranger in Dealogic by ION Analytics’ Sustainable Finance Loan Volumes league tables for Asia (ex-Japan) in 2024.

OCBC’s sustainable finance loan commitments reached $64.7b as of September 2024. This makes up to 15% of the bank’s customer loan book.

In 2024, OCBC supported nearly 4,000 small- and medium-sized enterprises (SMEs) with $9b in sustainable financing assets. The bank also supported over 110 SME clients with sustainability-linked loans. +

In addition, OCBC partnered with Singapore’s Building & Construction Authority (BCA) to jointly develop the SME Energy Assessment (SMEEA) tool to help smaller companies measure their emissions performance in a simple, low-cost manner. 

OCBC also partnered with Enterprise Singapore (EnterpriseSG) to launch the OCBC SME Start-ESG Programme which provides SMEs grants that cover up to 70% of the costs for a maximum of three years. 

“Our clients have demonstrated their commitment to taking concrete steps to future-proof their business models, capitalise on opportunities arising from the net-zero transition, and do what is right for the environment. To support them, we have aligned our own strategy by establishing sector-specific net-zero financed emissions targets and are on track towards meeting them,” Tan Teck Long, head of Global Wholesale Banking at OCBC said.