My first Publication ocbc_ar17_fullreport_english | Page 46

SUSTAINABILITY REPORT
BOARD STATEMENT
Promoting and embracing sustainable business practices has been a priority of our Board and Management.
This is predicated upon our strong belief that a sustainable business is one that generates long-term value for
our stakeholders, including our customers, employees, investors, community and regulators.
We are pleased to present our inaugural
Sustainability Report. This documents
our consideration of and approach
towards sustainability issues and
demonstrates our commitment towards
being a sustainable and responsible
organisation. We will publish the Report
annually to share the progress we make
in this continuous journey.
This Report sets out the Environmental,
Social and Governance (ESG) factors
that we have assessed to be material
to the sustainability of our business.
These factors, which were identified
and prioritised by our Management,
have been validated by our Board. We
also share our targets, performance and
selected case studies of these factors.
We recognise that sustainability is
integral to the successful execution of
our corporate strategy. As we deepen our
presence in our core markets, this deep
conviction underpins and defines the way
we conduct our business activities and
has become embedded within the ethos
of the organisation.
The sustainability of our business
practices, together with their transparent
disclosure, has gained greater impetus
with the implementation of sustainability
reporting requirements by the Singapore
Exchange. Together with the Board,
our Management remains vigilant in
managing our commitments to our
material ESG factors and to enhancing
our practices over time. Lastly, we urge
our stakeholders to share our commitment
towards improving our ESG performance
in the markets we operate.
Ooi Sang Kuang
Chairman
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OCBC ANNUAL REPORT 2017
Samuel N. Tsien
Group Chief
Executive Officer