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OCBC: Sets new sustainable finance target of S$25 billion by 2025 | Fintech InShorts: Latest fintech news, analysis by experts

OCBC: Sets new sustainable finance target of S$25 billion by 2025

OCBC: Sets new sustainable finance target of S$25 billion by 2025

  • OCBC Bank has set an ambitious new target of S$25 billion by 2025 for its sustainable finance portfolio
  • The bank has seen a significant increase in the demand for sustainable financing in recent years due to better awareness
  • Natural disasters, including the Australian bushfires and heat waves in Japan and India in 2019 highlighted the urgency of the situation
  • Reports of lower pollution and clearer skies amidst COVID-19 quarantines and  also scaled-down business activities
  • Last year, OCBC Bank witnessed a strong demand for green and sustainability-linked loans
  • The European Union’s economic recovery package already has portions earmarked for green purposes

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