OCBC Bank has announced the launch of a new green initiative aimed at empowering small and medium-sized enterprises (SMEs) in their sustainability journey. Through this initiative, the bank will provide SMEs with tailored green financing solutions and comprehensive sustainability advisory services to help them transition towards environmentally friendly business practices and reduce their carbon footprint.
Recognizing the critical role SMEs play in achieving global sustainability goals, OCBC is committed to equipping businesses with the necessary tools and resources to adopt greener operations. The initiative focuses on simplifying access to green financing options, including loans that incentivize sustainable projects, renewable energy adoption, and energy-efficient upgrades.
In addition to financial support, OCBC is offering advisory services to guide SMEs through their sustainability transformation. These services include carbon footprint assessments, consultations on sustainable practices, and insights into eco-friendly certifications, helping businesses align with global environmental standards.
Sunny Quek, Head of Consumer Financial Services at OCBC Bank, emphasized the importance of SMEs in driving sustainable economic growth: “SMEs are the backbone of our economy, and their transition to sustainable practices is crucial for achieving long-term environmental goals. Our initiative is designed to simplify and accelerate their sustainability journey, combining financial solutions with expert guidance to make a meaningful impact.”
The launch of this program comes as businesses face increasing pressure to align with environmental, social, and governance (ESG) standards. OCBC aims to bridge the gap for SMEs by making sustainability accessible and achievable, regardless of their size or industry.
By supporting SMEs in their green transformation, OCBC Bank reinforces its commitment to advancing sustainability across the region while fostering economic growth that benefits businesses, communities, and the environment. This initiative further cements OCBC’s leadership in green financing and its dedication to building a sustainable future.
