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| Overall Assessment |
Analysis |
Score |
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None
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OCBC has established a “Board Sustainability Committee” that “meets at least twice a year to provide strategic direction on sustainability issues, with a focus on climate and environmental matters” and a “Sustainability Steering Committee” chaired by the Group Chief Sustainability Officer to integrate “climate change-related issues into our decision-making process,” supported by its “Responsible Financing Framework” and internal audit reviews to manage ESG risks. However, the company does not disclose any processes or oversight for its lobbying activities, and we found no evidence of policies or committees governing direct or indirect lobbying or of any individual or formal body tasked with ensuring alignment of lobbying with its sustainability or climate objectives.
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E
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| Overall Assessment |
Analysis |
Score |
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Limited
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OCBC Bank provides only limited insight into its climate-policy lobbying. It does acknowledge engagement with two identifiable regulatory initiatives – the Monetary Authority of Singapore’s supervisory guidelines on transition planning and the Green Finance Industry Taskforce’s work on a Singapore taxonomy – yet it offers no further detail on any other climate legislation it may have addressed. The bank briefly notes that it “participated in consultations with MAS” but does not describe additional mechanisms such as letters, meetings or coalition activities, nor does it name any policymaking targets beyond MAS itself. Likewise, the disclosures focus on internal goals like reaching net-zero financed emissions and adopting the Poseidon Principles, without setting out the specific policy changes it wishes regulators to adopt. Overall, the disclosures indicate some engagement with climate policy but fall short of a clear, comprehensive account of what the bank is lobbying for, how it lobbies, and the outcomes it seeks.
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D
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