Sustainability

Communities

As a banker to the community, OCBC’s purpose is to help individuals and businesses across communities to achieve their aspirations by providing them with innovative financial solutions.

In the same spirit, we have a regional Corporate Social Responsibility (CSR) programme designed to support the communities in which we operate.

Our adopted charities

Singapore Children’s Society

In Singapore, our chosen charity partner is the Singapore Children’s Society (SCS), which is dedicated to helping to protect and nurture children and youth of all races and religions, especially those who are abused, neglected or come from dysfunctional families. 

Our support dates back to 2004, when we committed to donating $2.5 million over five years to the SCS.  We made further donations amounting to $2.5 million for the 2009 - 2013 period, bringing our total donation to the SCS to $5 million over 10 years.

The funds go towards specific SCS programmes such as supporting the musical talents of youth, Bully-Free programmes to prevent bullying in schools and student care centre programes.

Our donations are also used to cover operating and programme costs at these centres.


Supporting the community - OCBC CDA Starter Scheme

As Banker to the community, we support growth and development in the countries that we operate in. On 15 December 2012, to encourage families to start the saving habit, we introduced the OCBC Child Development Account (CDA) Starter Scheme for families with monthly household income of not more than $3,500.  

Under this scheme, OCBC Bank will contribute S$100 for the first S$50 deposited into a qualified CDA.  Under the Government’s Baby Bonus Scheme, the government will match dollar for dollar both OCBC’s and the parents’ contributions, resulting in a total deposit of S$300 in the account. The savings in the CDA can be used by the family for the child’s expenses incurred at Approved Institutions (“AIs”) registered with MSF under the Baby Bonus Scheme.

Up to 2,500 low-income families will benefit from this $250,000 savings initiative through this scheme.

To find out more, click on this link.


Staff volunteerism

Beyond cash contributions, our employees also offer their time and skills to enrich the lives of the children and youth in the key countries that OCBC Bank operates in.

Singapore Children’s Society

Our staff volunteers have enriched the lives of the children at SCS through various initiatives. These include computer workshops, reading programmes and visits to various places of interest.

The Straits Times Pocket Money Fund

Employees from our various divisions organize activities to raise funds for the Straits Times (ST) School Pocket Money Fund. Initiated in 2000, The ST School Pocket Money Fund aims to provide needy children with pocket money for school.

Funds are administered and disbursed through the National Council of Social Service (NCSS). The Fund has benefited 73,500 children from low-income families.

Willing Hearts

To provide our staff with additional options for volunteerism, we partnered Willing Hearts through the OCBC Recreation Club.  Willing Hearts is a 100% volunteer-based non-profit organisation that works with underprivileged, needy and marginalised members of society.

A major part of its work involves operating a soup kitchen that serves up to 2,000 people daily. 

 

Supporting education

We encourage and support academic excellence by awarding book prizes and bond-free scholarships to outstanding young adults from Singapore, Malaysia, Indonesia and China so that they can pursue a higher education in Singapore and Malaysia.

To date, we have awarded more than 800 bond-free undergraduate scholarships to outstanding young Singaporeans  and Malaysians to enable them to read subjects of their choice at local universities.

We also offer these OCBC scholars and other undergraduates the opportunity to gain work experience in the banking environment through our Structured Internship programme.

In Malaysia, we are continuing our efforts to identify a suitable non-profit children’s organisation to support at a corporate level, on a larger scale.

For now, our CSR efforts in Malaysia are staff-initiated efforts centred on helping under-privileged children.

 

Supporting education

We encourage and support academic excellence by awarding book prizes and bond-free scholarships to outstanding young adults from Singapore, Malaysia, Indonesia and China so that they can pursue a higher education in Singapore and Malaysia.

We also offer these OCBC scholars and other undergraduates the opportunity to gain work experience in the banking environment through our Structured Internship programme.

Our philanthropic heritage of supporting children and education extends to China, where we committed to donating RMB1.5 million (S$300,000) over six years to the Soong Ching Ling Foundation – starting in 2007, the year OCBC Bank was incorporated in China.

The funds help about 800 outstanding children across China who require financial assistance to pursue their studies.

 

Supporting education

We encourage and support academic excellence by awarding book prizes and bond-free scholarships to outstanding young adults from Singapore, Malaysia, Indonesia and China so that they can pursue a higher education in Singapore and Malaysia.

Staff volunteerism

In Indonesia, we work with our subsidiary, Bank OCBC NISP, to support a joint community development initiative in Bandung, in collaboration with Habitat for Humanity. The three-year initiative which began in 2009, aimed to build 20 houses and renovate a school in the village of Banjaran, Bandung.

In September 2011, more than 50 volunteers from OCBC Bank and Bank OCBC NISP returned to Bandung to continue the building project at the school, where they built four new classrooms, set up a computer laboratory and donated items such as sports equipment, backpacks, stationery and essential items to the students. All 20 houses have since been completed.

 

Supporting education

We encourage and support academic excellence by awarding book prizes and bond-free scholarships to outstanding young adults from Singapore, Malaysia, Indonesia and China so that they can pursue a higher education in Singapore and Malaysia.

As calamities hit the different geographies that we operate in, we show our support for the affected communities by helping to bring relief to the victims and their loved ones.

Our corporate and staff donations are channelled to the affected communities through recognised non-government organisations, including The Red Cross and Habitat for Humanity.

We also offer our customers the opportunity to contribute via our banking channels, namely our ATMs, mobile banking, internet banking and phone banking.