SINGAPORE - OCBC has set a new goal of $25 billion for its sustainable finance portfolio by 2025 after surpassing its initial $10 billion target in the first quarter - two years ahead of schedule.
"Reports of lower pollution and clearer skies amidst Covid-19 quarantines and scaled-down business activities helped to draw even more attention to the environment," it added. It took part in solar, onshore wind and offshore wind projects in Taiwan, China, Britain, Australia and Malaysia. "In the wake of the pandemic, the collective action taken by both the public and private sectors can help to rebuild economies in a more sustainable fashion. Sustainable finance will therefore continue to be key and it is important for us to have this ambitious target that we as an organisation can strive towards."
It also acted as adviser for the National University of Singapore's green finance framework in May, which lays down the guidelines for the university to enter into such transactions.
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