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Oversea-Chinese Banking Corporation

Assessment year: 2018

Total score

2 out of 5

Awareness, understanding and intent

3 out of 5

Commodity

2 out of 5

Scope

2 out of 5

Implementation, monitoring and reporting

2 out of 5

Assessment year: 2017

Total score

1 out of 5

Awareness, understanding and intent

0 out of 5

Commodity

2 out of 5

Scope

3 out of 5

Implementation, monitoring and reporting

0 out of 5

Assessment year: 2016

Total score

2 out of 5

Overall forest policy

2 out of 5

Policy strength

2 out of 5

Reporting and transparency

2 out of 5

Financial institution type

Asset manager, Bank, Insurance company

Singapore

Collective commitments

Banking Environment Initiative member

New York Declaration on Forests signatory

150 Financial institutions

Investors and lenders need to adopt and implement environmental, social and governance (ESG) criteria that ensure their investments are not funding deforestation. For analysis of how the financial sector is performing click here.

This assessment has been carried out following the assessment methodology developed for the Forest 500 project.

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.

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 citation guidance for advice on how to cite data presented here or elsewhere on this site.

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