According to Wang, OCBC structured inaugural solutions for some of the largest real estate conglomerates from as early as 2019.
OCBC’s sustainable finance portfolio hit $52 billion at the end of September 2023, surpassing the bank’s $50 billion target more than two years ahead of schedule. Outside of Singapore, OCBC Hong Kong is the largest contributor to the bank’s sustainable finance loan book, says Wang Ke, head of Greater China and CEO of OCBC Hong Kong.
More than 78% of Hong Kong’s carbon emissions can be attributed to the real estate and transportation sectors. Speaking at a May 29 briefing in Hong Kong, where OCBC unveiled a $1.5 billion investment into modernising its Greater China operations, Wang says OCBC is targeting the sectors “most in need of climate transition”.
