Project Details
Project
OCBC Sustainability Bond Framework Impact Report (2024)
Client
OCBC Bank
Project Type
Impact Reports
Industry Group
Banks
Use of Proceeds
Renewable energy; Green buildings;
Location
Singapore
Evaluation Date
Aug 2024
Evaluation Summary
Sustainalytics has calculated the estimated impact achieved from the projects financed by the green bonds issued by OCBC between August 2021 and May 2023. The green bonds outstanding as of 31 December 2023 amounted to AUD 1.5 billion. OCBC has allocated AUD 1.6 billion to projects in Australia, Singapore and Taiwan in the Renewable Energy and Green Buildings categories. For a representative year during the bond’s term to maturity, Sustainalytics has calculated 8,044 tonnes of carbon dioxide equivalents in avoided GHG emissions.
https://mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com/docs/default-source/spos/ocbc-sustainability-bond-framework-impact-report-(2024).pdf?sfvrsn=ac9bae01_1