On August 17, OCBC Bank announced it is partnering with Eco-Business, to launch the inaugural OCBC Climate Index, a measurement of the current levels of environmental sustainability awareness and climate action among Singaporeans. Eco-Business developed the approach and framework for the Index given its expertise in environmental sustainability.
The approach and framework for the OCBC Climate Index -developed by the bank - is based on an individual’s climate action conversion journey across key aspects of urban living. There are three pillars in the journey – knowledge of environmental issues (Awareness), how much and how often one adopts green practices (Adoption), and how often one encourages others to adopt green practices (Advocacy).
To represent the main aspects of urban living, four lifestyle themes were chosen: Transport, Home, Food and Goods. These were weighted based on how they impact an individual’s carbon footprint – Transport (45%), Home (25%), Food (15%) and Goods (15%).
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The Index is derived from a survey sent to a nationally representative demographic sample of Singaporeans. From May 19 to June 3 this year, 2,000 Singaporeans aged between 18 and 65 were surveyed online on 106 questions relating to the three key pillars across the four themes.
The inaugural OCBC Climate Index national average was 6.7 – with Singaporeans scoring an average of 8.3 in the ‘Awareness’ pillar, 6.5 in ‘Adoption’ and 5.6 in ‘Advocacy’.
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This means that the average Singaporean is highly aware of environmental issues, adopts many green practices some of the time and advocates some of these issues and practices to their families and friends.
Photo: Chestnut Nature Park
