Oversea-Chinese Banking Corporation

Overall approach

8/16
- Overarching commitment on deforestation
  
  8/14
  
  Deforestation commitment
  
  Reduce deforestation
  
  8/14
  
  "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
  
  Open source document
- Company must have anti-corruption policy
  
  0/2
Commodity score

23/64
- Beef & Leather
  
  20/64
  - Commitment Strength
    
    20/42
    - Commodity-specific financing policy
      
      0/9.6
      - Commitment details
        No
        
        0/8
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must be legally operated
      
      4.6/5.6
      - Commitment details
        Entire supply chain - Encourage
        
        3/4
        
        Commitment details
        
        Entire supply chain - Encourage
        
        3/4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
    - Companies must protect priority forests or globally important landscapes
      
      9.6/9.6
      - Commitment details
        All high priority landscapes - Required
        
        8/8
        
        Commitment details
        
        All high priority landscapes - Required
        
        8/8
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
    - Assurance mechanism to ensure compliance
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must have a grievance mechanism
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Commitments must be timebound
      
      5.6/5.6
      - Commitment details
        Require
        
        4/4
        
        Commitment details
        
        Require
        
        4/4
        
        Type of policy: Compliance is prerequisite for financing
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
  - Social Considerations
    
    0/22
    - Company must ensure Free, Prior and Informed Consent
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
        
        Commitment details
        
        No
        
        0/4
        
        Type of policy: Forced Labour; Child Labour
        
        "We also prohibit the financing of: • Production or activities involving harmful or exploitative forms of forced labour or harmful child labour"
        
        Open source document
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
- Palm oil
  
  33/64
  - Commitment Strength
    
    33/42
    - Commodity-specific financing policy
      
      9.6/9.6
      - Commitment details
        Yes
        
        8/8
        
        Commitment details
        
        Yes
        
        8/8
        
        Type of policy: Reduce deforestation
        
        "For example, we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas. The requirements that we have set out under these policies reference IFC Industry Sector Guidelines, as well as relevant standards and conventions from organisations such as the Roundtable Sustainable Palm Oil (RSPO)"
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "For example, we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas. The requirements that we have set out under these policies reference IFC Industry Sector Guidelines, as well as relevant standards and conventions from organisations such as the Roundtable Sustainable Palm Oil (RSPO)"
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "For example, we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas. The requirements that we have set out under these policies reference IFC Industry Sector Guidelines, as well as relevant standards and conventions from organisations such as the Roundtable Sustainable Palm Oil (RSPO)"
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "For example, we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas. The requirements that we have set out under these policies reference IFC Industry Sector Guidelines, as well as relevant standards and conventions from organisations such as the Roundtable Sustainable Palm Oil (RSPO)"
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "For example, we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas. The requirements that we have set out under these policies reference IFC Industry Sector Guidelines, as well as relevant standards and conventions from organisations such as the Roundtable Sustainable Palm Oil (RSPO)"
        
        Open source document
    - Companies must be legally operated
      
      4.6/5.6
      - Commitment details
        Entire supply chain - Encourage
        
        3/4
        
        Commitment details
        
        Entire supply chain - Encourage
        
        3/4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
    - Companies must protect priority forests or globally important landscapes
      
      9.6/9.6
      - Commitment details
        All high priority landscapes - Required
        
        8/8
        
        Commitment details
        
        All high priority landscapes - Required
        
        8/8
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
    - Assurance mechanism to ensure compliance
      
      3.6/5.6
      - Commitment details
        Encourage
        
        2/4
        
        Commitment details
        
        Encourage
        
        2/4
        
        Certification scheme (if applicable): RSPO
        
        Verification method: Certification Scheme
        
        "[OCBC] require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas. The requirements that we have set out under these policies reference IFC Industry Sector Guidelines, as well as relevant standards and conventions from organisations such as the Roundtable Sustainable Palm Oil (RSPO)."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "[OCBC] require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas. The requirements that we have set out under these policies reference IFC Industry Sector Guidelines, as well as relevant standards and conventions from organisations such as the Roundtable Sustainable Palm Oil (RSPO)."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "[OCBC] require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas. The requirements that we have set out under these policies reference IFC Industry Sector Guidelines, as well as relevant standards and conventions from organisations such as the Roundtable Sustainable Palm Oil (RSPO)."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "[OCBC] require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas. The requirements that we have set out under these policies reference IFC Industry Sector Guidelines, as well as relevant standards and conventions from organisations such as the Roundtable Sustainable Palm Oil (RSPO)."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "[OCBC] require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas. The requirements that we have set out under these policies reference IFC Industry Sector Guidelines, as well as relevant standards and conventions from organisations such as the Roundtable Sustainable Palm Oil (RSPO)."
        
        Open source document
    - Companies must have a grievance mechanism
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Commitments must be timebound
      
      5.6/5.6
      - Commitment details
        Require
        
        4/4
        
        Commitment details
        
        Require
        
        4/4
        
        Type of policy: Compliance is prerequisite for financing
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
  - Social Considerations
    
    0/22
    - Company must ensure Free, Prior and Informed Consent
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
        
        Commitment details
        
        No
        
        0/4
        
        Type of policy: Forced Labour; Child Labour
        
        "We also prohibit the financing of: • Production or activities involving harmful or exploitative forms of forced labour or harmful child labour"
        
        Open source document
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
- Soy
  
  20/64
  - Commitment Strength
    
    20/42
    - Commodity-specific financing policy
      
      0/9.6
      - Commitment details
        No
        
        0/8
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must be legally operated
      
      4.6/5.6
      - Commitment details
        Entire supply chain - Encourage
        
        3/4
        
        Commitment details
        
        Entire supply chain - Encourage
        
        3/4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
    - Companies must protect priority forests or globally important landscapes
      
      9.6/9.6
      - Commitment details
        All high priority landscapes - Required
        
        8/8
        
        Commitment details
        
        All high priority landscapes - Required
        
        8/8
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
    - Assurance mechanism to ensure compliance
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must have a grievance mechanism
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Commitments must be timebound
      
      5.6/5.6
      - Commitment details
        Require
        
        4/4
        
        Commitment details
        
        Require
        
        4/4
        
        Type of policy: Compliance is prerequisite for financing
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
  - Social Considerations
    
    0/22
    - Company must ensure Free, Prior and Informed Consent
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
        
        Commitment details
        
        No
        
        0/4
        
        Type of policy: Forced Labour; Child Labour
        
        "We also prohibit the financing of: • Production or activities involving harmful or exploitative forms of forced labour or harmful child labour"
        
        Open source document
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
- Timber, Pulp & Paper
  
  20/64
  - Commitment Strength
    
    20/42
    - Commodity-specific financing policy
      
      0/9.6
      - Commitment details
        No
        
        0/8
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must be legally operated
      
      4.6/5.6
      - Commitment details
        Entire supply chain - Encourage
        
        3/4
        
        Commitment details
        
        Entire supply chain - Encourage
        
        3/4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "At a minimum, we expect our customers to meet all local ESG-related laws and regulations. Beyond that, we seek to positively influence our customers' behaviour by engaging them in further adopting appropriate sustainable practices to meet higher ESG industry expectations over time."
        
        Open source document
    - Companies must protect priority forests or globally important landscapes
      
      9.6/9.6
      - Commitment details
        All high priority landscapes - Required
        
        8/8
        
        Commitment details
        
        All high priority landscapes - Required
        
        8/8
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "We also prohibit the financing of [...] Projects located in or that have significant impact on UNESCO World Heritage Sites and Wetlands designated under the Ramsar Convention". "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas."
        
        Open source document Open source document
    - Assurance mechanism to ensure compliance
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must have a grievance mechanism
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Commitments must be timebound
      
      5.6/5.6
      - Commitment details
        Require
        
        4/4
        
        Commitment details
        
        Require
        
        4/4
        
        Type of policy: Compliance is prerequisite for financing
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "we require our borrowers to have policies or procedures against deforestation and to preserve or enhance identified high conservation value areas"
        
        Open source document
  - Social Considerations
    
    0/22
    - Company must ensure Free, Prior and Informed Consent
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
        
        Commitment details
        
        No
        
        0/4
        
        Type of policy: Forced Labour; Child Labour
        
        "We also prohibit the financing of: • Production or activities involving harmful or exploitative forms of forced labour or harmful child labour"
        
        Open source document
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
Reporting & Implementation

13/20
- Policy is reviewed and updated
  
  3/5
  
  Policy review
  
  Commit to update policy - Timeline unclear
  
  3/5
  
  "We continue to evolve our framework by developing new policies or revising existing ones in response to a dynamic external environment."
  
  Open source document
- Companies must disclose subsidiaries in commodity supply chains
  
  0/5
- Monitoring and non-compliance process
  
  5/5
  
  Monitoring compliance
  
  Yes - Screening and monitoring process
  
  5/5
  
  "We will regularly (at least once annually) monitor the ESG performance of the clients. If the covenants are breached or our ESG expectations are not met, we will reassess the client relationships, including turning down transactions."
  
  Open source document
- Reporting on implementation of the policy
  
  5/5
  
  Reporting
  
  Yes - Annually
  
  5/5
  
  Numbers: ">8,900 transactions were assessed in 2019", ">200 transactions required enhanced due diligence, which resulted in three being turned down based on their inherent ESG risk".
  
  Type of Reporting: Numerical
  
  OCBC reported that ">8,900 transactions were assessed in 2019", of which ">200 transactions required enhanced due diligence, which resulted in three being turned down based on their inherent ESG risk".
  
  Open source document
Commitment strength

23/42

Avg. score
Social considerations

0/22

Avg. score

Profile

Oversea-Chinese Banking Corporation (OCBC) are a financial services group headquartered in Singapore offering a wide number of banking and financial services. Their offerings include retail banking, wealth management, insurance, retirement planning, asset management and corporate loans and financing. As of 2017, OCBC's total assets amount to just under 430 billion SGD with gross loans of more than 220 billion SGD. OCBC are among the top 55 lenders to Forest 500 companies, with loans amounting to more than 4 billion USD across a broad range of forest risk sectors, especially in agriculture and agriculture commodities.

Singapore

Financial institution type

Asset management, Bank, Insurance Company

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Full finance sector performance data Forest 500 assessment methodology

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Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.