Sustainability

Communities

As banker to the community, our Purpose is to help individuals and businesses across communities achieve their aspirations by providing them with innovative financial solutions. In the same helping spirit, OCBC Bank has a programme designed to support the community, centred on helping children and youths realise their full potential.

Our social responsibility programme continues on from the legacy of our founder, Lee Kong Chian, who in the 1950s actively made contributions to schools and libraries and helped many children and youths fulfil their aspirations through education.

At OCBC Bank, we believe that the single biggest ingredient of our financial leadership is linked to our most important asset - our people. Ours is a philosophy that nurtures talented and outstanding individuals by providing them with challenging and rewarding opportunities to help them develop to their full potential. We encourage academic excellence by providing bond-free scholarships to young and aspiring minds. While we do not bond you, we offer you internship opportunities so that you can experience first-hand working in the OCBC family.

 

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.

The OCBC Local Undergraduate Scholarship

The OCBC Local Undergraduate Scholarship, established in the 1970s, provides financial assistance to students who have gained admission or are eligible for admission into first year full-time undergraduate studies at local Malaysian Universities. The scholarship is also opened to undergraduates of these institutions.

Submission by 15 May 2014.

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.

 

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.

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.