OCB's two consecutive years of publishing an independent Sustainable Development Report have shown 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 developed to meet and strictly comply with the regulations on information disclosure according to Circular 96/2020/TT-BTC, and at the same time refer to the Global Reporting Initiative (GRI) standards issued by the Global Sustainability Standards Board (GSSB), thereby ensuring transparency, standards and easy comparison with international practices. In particular, the 2024 Sustainability Report is published in two languages (Vietnamese & English), helping customers, investors and international partners easily access information about the sustainable transformation journey at OCB.
Outstanding marks on OCB's "Journey to create a green future" 2024
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.
Specifically, in terms of governance, the Bank maintains modern governance standards, enhances the role of the Board of Directors' Committees, especially the Sustainable Development Board, in monitoring the Sustainable Development Strategy, and improves the mechanism for comprehensive and timely information disclosure. 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 pioneer in upgrading and perfecting 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 the support of international financial institutions such as IFC and DEG. Accordingly, the Bank's green credit balance reached a growth milestone of nearly 30% compared to 2023, focusing on renewable energy projects, green buildings and sustainable agriculture . This clearly demonstrates the effort to direct capital flows into areas that have a positive impact on the environment, community and society.
Continuing to maintain its pioneering position in digital transformation, OCB also achieved impressive results by the end of 2024. Specifically, the transaction rate via digital channels reached 96.2%, in which platforms such as OCB OMNI and Liobank both recorded 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. These achievements not only help improve user experience but also contribute to promoting comprehensive financial development, thereby linking digital transformation with OCB's overall sustainable development goals.
In internal operations, OCB aims to use energy and resources efficiently and economically, reduce emissions, and comply with environmental laws. The Bank promotes the implementation of digital business process projects, 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 2,000 m3 of input water, reducing more than 20,000 plastic bottles emitted into the environment, and other typical figures.
In particular, always 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 with more than 255,062 training hours for staff throughout the system, and at the same time implemented programs to develop potential human resources, building a solid foundation for the future. In parallel with business activities, OCB also implemented many meaningful community and environmental initiatives such as the OCB Pin Hunter campaign: "Green old batteries - Greener Earth", afforestation activities, 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 strategic, trustworthy partner, accompanying the realization of customers' 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, continue to improve the policy framework, promote green credit products, sustainable finance as well as focus on promoting digital transformation to operate transparently, greenly and effectively. OCB is committed to strengthening cooperation and dialogue with relevant parties to mobilize resources, gain experience and apply the highest standards in ESG governance to ensure sustainable development linked to the interests of customers, shareholders and society.
Minh Thi
Source: https://baochinhphu.vn/ocb-cong-bo-bao-cao-phat-trien-ben-vung-doc-lap-2024-khang-dinh-cam-ket-minh-bach-va-phat-trien-ben-vung-102251006155501128.htm
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