OCB announces 2024 Independent Sustainability Report

OCB's two consecutive years of publishing an independent Sustainable Development Report demonstrates the bank's strong transformation journey according to the Sustainable Development Strategy, comprehensively greening its operations and promoting the goal of being a pioneering Green Bank, accompanying the Government on the path towards the Net Zero goal.

The content of the report is built to meet and strictly comply with the regulations on information disclosure according to Circular 96, and at the same time refer to the Global Reporting Initiative (GRI) Standards issued by the Global Sustainability Standards Board (GSSB).

The 2024 Sustainability Report is published in two languages (Vietnamese and English), helping customers, investors and international partners easily access information about the sustainable transformation journey at OCB.

With the theme “Journey to create a Green future”, OCB recorded many new highlights, outstanding in the fields: practicing sustainable economic development, expanding green finance and inclusive finance, managing climate change risks, protecting biodiversity as well as managing environmental and social impacts in sustainable supply chains.

OCB công bố Báo cáo Phát triển bền vững độc lập 2024 - 1

Specifically, in terms of governance, the bank maintains modern governance standards and enhances the role of the Board of Directors' Committees, including the Sustainable Development Board.

OCB has signed a strategic cooperation agreement with the International Finance Corporation (IFC) to receive consulting support on green banking transformation, enhance digital banking services for small and medium enterprises, and upgrade and complete the Environmental and Social Risk Management Framework in credit granting activities, with the advice of IFC.

In the field of green credit and sustainable finance, OCB has continuously expanded its loan portfolio for sustainable development projects in many fields with support from international financial institutions such as IFC and DEG.

Accordingly, green credit balance will grow by nearly 30% compared to 2023, focusing on renewable energy projects, green buildings, and sustainable agriculture .

Continuing to maintain its pioneering position in digital transformation, OCB's digital channel transaction rate in 2024 will reach 96.2%, in which platforms such as OCB OMNI and Liobank will both record strong growth.

The Open Banking model has created a breakthrough, increasing the number of API transactions by 150% compared to 2023, contributing to expanding the digital ecosystem and bringing many new utilities to customers.

In internal operations, OCB aims to use energy and resources effectively and economically, reduce emissions, and comply with environmental laws.

The Bank promotes the implementation of projects to digitize business processes, practices initiatives to convert sustainable materials, and prioritizes the use of smart and efficient designs and operating equipment.

Thanks to that, in 2024, OCB recorded positive results such as reducing more than 2,000m3 of input water, reducing more than 20,000 plastic bottles emitted into the environment, and other typical figures.

Putting people at the center of sustainable development, OCB is one of the banks that maintains a balanced ratio of women in the workforce as well as the management team. In 2024 alone, the bank organized more than 500 training courses for staff across the system, and at the same time implemented programs to develop potential human resources.

OCB also implements many meaningful community and environmental initiatives such as the OCB Pin Hunter campaign: "Old batteries go green - Earth becomes healthier", activities such as planting forests, building schools, supporting poor households, supporting natural disaster recovery, and programs to donate practical items to the community and society.

OCB General Director - Mr. Pham Hong Hai - shared: "In the Era of Growth, OCB not only aims for growth in scale but also for comprehensive transformation.

We create value by becoming a trusted, strategic partner, helping our customers realize their dreams and ambitions through superior digital capabilities and a sustainable development strategy. Our mission is to create a bank where innovation, efficiency and responsibility go hand in hand.”

In the coming period, closely following the Sustainable Development Strategy, OCB will continue to improve the overall efficiency of banking governance, risk management, human resource capacity, organizational culture, social security and environment according to international standards.

At the same time, the bank continues to improve the policy framework, promote green credit products, sustainable finance as well as focus on accelerating digital transformation to operate transparently, greenly and effectively.

OCB commits to enhancing cooperation and dialogue with relevant parties to mobilize resources, acquire experience and apply the highest standards in ESG governance to ensure sustainable development linked to the interests of customers, shareholders and society.

Source: https://dantri.com.vn/kinh-doanh/ocb-cong-bo-bao-cao-phat-trien-ben-vung-doc-lap-2024-20251007143731899.htm