Supporting SMEs in Hong Kong’s Decarbonisation
In previous blog posts, we highlighted OCBC as a leader in sustainable finance supporting our corporate clients’ net-zero transition. In the market, sustainable finance started with large corporates, but OCBC recognises that the climate transition is not possible without SMEs. SMEs account for over 98% of enterprises in Hong Kong’s economy and they are crucial in Hong Kong’s decarbonisation journey.
OCBC’s innovations in supporting corporates of all sizes in driving transition to a sustainable, low-carbon world and for greater financial inclusion helped us win recognition as the “Best Bank for Sustainable Finance in Hong Kong” by Global Finance.
OCBC SME Sustainable Finance Framework
OCBC is unique in the way we provide sustainable finance to our SME clients; we understand that SMEs may not have the relevant experience or resources to plan for their climate transition.
In 2020, OCBC developed the OCBC SME Sustainable Finance Framework (“Framework”) to help reduce the complexity for SMEs to access sustainable finance solutions.
Over 1,200 SMEs throughout OCBC Group have leveraged the Framework. The Framework is aligned with the internationally recognised Green Loan Principles and has been externally verified by Moody’s ESG Solutions. Having been successfully adopted Hong Kong, the Framework helps support our clients and accelerate SMEs’ sustainability journey.
Let’s visit OCBC booth (booth no. N40) on 12th and 13th September 2024 at ReThink HK 2024 to learn about how OCBC can support you in sustainability journey.