OCBC set the $50 billion target in 2021 after surpassing its original targets of $10 billion by 2022 and $25 billion by 2025 ahead of time.
Oversea-Chinese Banking Corporation’s (OCBC) sustainable finance portfolio hit $52 billion at the end of September, surpassing the bank’s $50 billion target more than two years ahead of schedule.
The latest figure, revealed by group chief executive officer Helen Wong on Dec 3, is up some $8 billion year to date. Southeast Asia’s second-largest financial services group by assets reported that its sustainable finance portfolio amounted to $44 billion at the end of 2022, which was up 29.4% y-o-y from $34 billion reported at end-2021.
